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Yes, but: The lawsuit is the latest in a waterfall of ethics issues that have plagued the company for years. Cooper said that covering the suits is "less of a distraction" than one might think, "because we decided what to do and what we do is cover it.".What the guys fight out on Mount Olympus - not my problem." That's the technical truth and the emotional truth too.
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Global editor-in-chief Nancy Cooper, who has been with Newsweek for years, told Axios: "The lawsuit has nothing to do with me.Pragad used to belong the Christian sect now being sued by Newsweek, but says he has severed ties with the group.ĭetails: Newsweek's staff has been covering the lawsuit drama incrementally for years, but Pragad's former ties to IBT and the church complicate the story.Earlier in July, IBT sued Pragad and Newsweek's holding group NW Media Holdings Corp., seeking to kill the 2018 deal to spin out ownership to Pragad.IBT relaunched the company in 2014, after years of business turmoil. It was acquired by The Washington Post in 1961 and sold in 2010 to businessman Sidney Harman, who combined the publication with The Daily Beast, albeit unsuccessfully. The lawsuit includes damages pertaining to IBT Media's mismanagement of Newsweek prior to their separation in 2018.Ĭatch up quick: Newsweek was spun out from IBT Media in 2018, and is currently co-owned by former IBT executive Dev Pragad, the CEO of Newsweek, and Johnathan Davis, who is still CEO of IBT Media.Newsweek claims it suffered as a result of a criminal money laundering scheme, which IBT Media plead guilty to, that took place while it still owned the publication.Why it matters: The hope is that subscriptions will not only be lucrative, but also help steer the publication's reputation toward one of quality independent journalism amid a messy legal battle with its former parent company.ĭriving the news: Newsweek earlier this month filed a lawsuit against IBT Media, religious leader David Jang, his church group the World Olivet Assembly, and an embattled Christian university, among others, to recover more than $35 million in damages. The documented version of local or international events are presented in a professional, but also individual way – you recognize the voices and opinions of the journalists who bring the Newsweek spirit to the Romanian audience.Newsweek, the decades-old magazine company, is looking to build a digital subscription business that focuses on lifestyle and hard news content, executives told Axios. The journalists bring something fresh to the Romanian media landscape, a consistent knowledge as regards complex issues combined with an approach that make the articles easy to understand by the reader. Newsweek has a strong focus on investigation and op-eds. We must intrigue the reader – so the art director and the author of the cover story have more brainstorming sessions and come up with approaches that spark curiosity and increase interest. The Newsweek reader is intelligent, well-informed, so the cover appeals to the intellect and does not provide conclusion and it’s never plainly descriptive. On top of these aspects to consider there are also some limitations: the technical quality of the pictures, for example, which forces the art director to come up with visual effects, illustrations or other graphic solutions.Įach week is different, so each cover is different – while keeping the consistency Newsweek is known for, as regards its values and type of reader. Newsweek is recognized for its continuous search for the truth, for its investigative approach, values and responsibility: all these messages should be supported by the editorial and graphic choices the team makes for each cover. Also, the magazine is published weekly, so the cover has a poster-like role, announcing something new, relevant and exciting every week. Its cover policy has certain particularities, that our art director tried to translate to the Romanian edition.Īs the magazine shows relevant topics that impact people’s everyday lives such as politics, laws, social issues, business, technology, they need to be displayed on the cover. Newsweek is a magazine with an impressive history, that has promoted quality journalism for more than eight decades.