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Is this still accurate? Wikipedia says that Newsweek was acquired by IBT Media (a front for a religious movement) in 2013 but returned to independent ownership
by scythe 10mo ago
Is this still accurate? Wikipedia says that Newsweek was acquired by IBT Media (a front for a religious movement) in 2013 but returned to independent ownership under Dev Pragad and Jonathan Davis in 2018 following a criminal investigation into embezzlement. I was not able to confirm or reject any links still existing between Newsweek and its current owners and IBT Media.
It does appear that the new owners are very much leaning into a "new media" business model and the old journalistic staff is probably gone.
- tptacek 10mo agoDev Pragad was involved with the IBT ownership of Newsweek. The whole thing is a mess. Cards on the table, I'm throwing an elbow with the "religious cult" thing; the cult has not much to do with why you should be careful with Newsweek. Rather, it's that Newsweek as it exists today has nothing to do with Newsweek as people understand it. Whoever owns it, it's basically an actual clickbait farm now.