Recent report on settled lawsuits reflects the outlet's ethical decline amid scandals. (Photo of Newsweek CEO Dev Pragad Left and Newsweek Congressional Correspondent Right) Newsweek has lost its cool.
The anxious publication's recent report on settled lawsuits reflects the outlet's ethical decline amid ownership, tax, ad fraud, defamation, and harassment scandals.
On the 28th, the Supreme Court of the State of New York dismissed the lawsuit filed by Newsweek against Olivet University, World Olivet Assembly, and other parties. The court determined that Newsweek improperly filed the lawsuit in violation of its bylaws despite clear objections from its shareholder.
C-level executives of popular brands are known to regularly rake in annual bonuses in the millions of dollars over the holidays, but not so this Christmas for Newsweek CEO Dev Pragad instead, he's getting a lump of coal.
Newsweek published the latest in a series of hit pieces about Olivet University on Wednesday as part of its ongoing campaign to unethically sever accreditors from the Christian university by highlighting a likely-flawed NAE decision to suspend Olivet's status while pressuring the university's accreditors to do the same.