If I recall, Newsweek was bought by some tabloid magnate years ago.Strangely, Newsweek seems to be running overly-dramatic and conflicting headlines on polls every day. I don't think there is much real journalism being done there, but people still remember the name.
It's completely unreliable now, just throwing up whatever.
But, as you say, people remember the name and it is coasting some off of that.
Maybe things changed and someone is trying to rebuild it, but it became garbage quite some time ago, I thought.