Once upon a time, I had a subscription to Newsweek. Founded by the Washington Post, Newsweek covered
much the same ground as Time magazine in its heyday. It and U.S. News and World Report provided a
more plain language counterweight to the haughty Time. As part of its mandate Time invented new language,
deliberately created its own compressed reporting style and appointed People of
the Year. Time assumed that it had weight and proceeded accordingly. U.S, News
and Newsweek offered English translations of Time, for people who weren’t into
the whole thought experiment.
All three magazines have become relics of the past. Time
ceased being meaningful round about half past the point where a television appeared
in every living room. Newsweek held on as a method of burnishing the national
reputation of the Washington Post organization. U.S. News took the unusual
tactic of heading upscale, becoming an American version of England’s Economist.
None of them did well in the modern era. Both Time and U.S. News took to running
stunt issues or simply pulling stunts. (1) Today the haughty School Ratings
Guide is all that remains of U.S. News.
Newsweek had the most tragic fall, as we detailed in this
blog at the time. First, its parent company became taken over by an academic testing
firm. (2) At the start of the last print
downturn, the firm decided to offload all of its news assets—essentially giving
the Washington Post away to the owner of Amazon and then freebie garage selling
Newsweek to… Harmon-Cardin Speakers… then the Daily Beast… and then a pernicious
end of the world cult.
Please be advised that Newsweek is still the possession of a
split off of the Unification Church, a truthfully dubious Ponzi scheme in the
form of a religion. In this incarnation,
the purpose of the Newsweek trademark is to act as click bait for advertising
media. Any story which surfaces on their pages has to be judged from this
perspective first. There is no actual newsgathering institution informing its
choices or abiding by any known journalistic standard. Much of what they have
reported previously has turned out to be TRUE CRIME PULP FICTION.
While we at Hil-Gle love us some pulp fiction, we prefer the
more clearly labeled as sensationalist type. We mention Newsweek’s current pedigree
only because its words are being reflected as truth by legitimate outlets. In
all likelihood the reporting that Vlad Putin has leukemia or “blood cancer” is erroneous.
It is more probable that it has no source at all. Not that Newsweek’s heart isn’t
in the right place, but rather that they are not disclosing their methodology. The
cult’s doctrine is that if something is believed in widely or earnestly enough,
it will become true. From their mouths to God’s ear. This story is doing double
duty in priming the wish pump and drawing eyes to their usual flow of nonsense.
I am not about to debate the efficacy of their operant
cosmology. I would just like to point out what it is. Until Newsweek is in
other hands it may be safely disregarded.
(1)
Time took the weird tactic of attempting to
outrage the masses. This was always a part of its presentation, however at
about the O.J. Simpson cover on, it became their meat and potatoes. Alienating
middle America has its consequences, as it and Rolling Stone later found out.
Recently Time was offloaded from what had been Time/Warner (formerly AOL/Time-Warner
and Warner Seven Arts) and traded for gum money by AT&T along with cash cow
sister rag People Magazine to a firm which actually likes being in magazine
business. The new firm is now attempting to define what an international news
digest actually is. The verdict isn’t in yet but we wish them the best of luck.
(2)
Very long story, short. The testing firm was an
investment, something with a small but predictable income that would help the
Washington Post wean itself off of reliance on the spectacularly erratic
advertising income cycle. And it was a good investment, one that grew both in
size and profitability to the point that it dwarfed its parent company. Then
the Washington Post and Newsweek started bleeding red ink with no end in sight
and liability which hampered the testing firm’s continued expansion. Eventually
someone who could read a spreadsheet without sentimentality showed up and made
the obvious choice. Bad news for the Washington Post and Newsweek, but good
news for the heirs of fatcat press barons. Our fairy tale ends happily with the
rich people staying rich and no longer having to bother with a grimy public
information trust.
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