In 2018, the offices of Newsweek were raided by federal agents investigating a money-laundering operation between the publication, the cult, and the college. Jang also was founder of a cult called “The Community,” according to this report in Mother Jones. Its owners were tied to a small Christian college (Olivet University) led by a charismatic Korean pastor, David Jang. IBTM changed its name to Newsweek Media Group. Diller regretted his purchase and sold Newsweek in 2014 to a group called International Business Times Media. Ownership turned over a few more times, from Harman to Barry Diller. In 2010, the Post sold Newsweek to 91-year-old businessman Sidney Harman Harman bought it for $1 and assumption of its liabilities. The Newsweek story has been covered by many media outlets over the past several years, but I had not seen those stories and had no idea about what happened to this once iconic magazine.įor half a century, Newsweek was owned by the Washington Post and was a well-respected voice in American journalism.
It has become an outlet for rightwing advocacy. Alex Shephard writes in the latest issue of The New Republic that something odd has happened to Newsweek.
0 kommentar(er)
