en.wikipedia.org/wiki/Newsweek
Merger with The Daily Beast (2010–2013)
Spin-off to IBT Media, return to print (2013–2018)
Newsweek Publishing LLC (2018–present)
In 2020, Newsweek’s website hit 100 million unique monthly readers, up from seven million at the start of 2017. In 2021, its revenues doubled to $75 million and traffic increased to 48 million monthly unique visitors in May 2022 from about 30 million in May 2019 according to Comscore.
While the magazine still produces in-depth reporting and the occasional scoop, staffers said the parent company had gone on a hiring spree last fall, grouping mostly young writers into a breaking news team of more than 20 staffers. These reporters are tasked with churning out an unheard of level of content for massive web traffic.
One staffer on that team told Splinter they’re getting paid less than $40,000 a year. Breaking news writers are expected to draw 1 million page views a month, they said, with traffic bonuses starting thereafter. “We get chastised if we don’t [meet 1 million page views],” they said, “and get assigned garbage, clickbait articles to compensate.”