The purchase of Newsweek magazine by the Washington Post Company on 9 March 1961 created a formidable print-news company. The Washington Post, already powerful as the leading morning newspaper in the U.S. capital, bought the second most read newsmagazine in the country. In January 1961 Newsweek had a circulation of more than 1.4 million, second only to Henry Luce's Time.
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