Time and Newsweek, old adversaries with a common challenge

The move upstairs for Mark Whitaker, editor of Newsweek magazine for nearly eight years and succession by his deputy and longtime presumptive heir, Jon Meacham, 37 are part of the adjustment that both Newsweek and its crosstown rival Time magazine are going through, according to a story in the Wall Street Journal. They are profitable, but they share a problem. "Both magazines share a common