NEWSWEEK announces strategic structural changes amid turmoil
Newsweek's owners announced a "series of strategic structural changes" to the media company on Tuesday, amid turmoil at the magazine that has included a law enforcement raid and wide-ranging resignations and firings.
The changes from Newsweek's owners include spinning Newsweek and its sister outlet the International Business Times, into two "separate operating entities."
"Newsweek Media Group is announcing a series of strategic structural changes that will see its International Business Times and Newsweek brands spun off into separate entities in a move designed to position its portfolio of news and information brands for future growth," the announcement begins.
The announcement includes new plans to boost the Newsweek staff, after the magazine's editor-in-chief, executive news director and several senior writers were fired for investigating its parent company following a raid by the Manhattan district attorney.International Business Times Managing Editor Nancy Cooper, a former senior editor at Newsweek, will be Newsweek's new editor-in-chief.Read More...