Newsweek has seen its readership drop dramatically over the past few years.  This doesn't surprise me as I used to be a subscriber to Newsweek but it increasingly drifted further and further left to the point where it wasn't just biased but started to feel like reading propaganda. I had been a subscriber for 10 years at the time.

Here's an article discussing it.

http://www.foliomag.com/2008/newsweek-mulls-dramatic-drop-circulation