News[b]WEAK[/b] better than Time? Newsweak is incredibly biased. Not to mention, they either trivialize the news by reporting on non-existent "trends" they come up with in committee or they demonize and fear-monger issues like guns, drugs, global warming, and republicans. Not to mention, both are written at the 8th grade reading level. Maybe the only redeeming thing about them are their photojournalists.
The best news weekly magazine, hands down, is [url=www.economist.com]The Economist[/url] Subscription's around $80 or $100 a year, but it is so worth it.
Excellent writing, they very plainly announce their editorial biases and publish articles explaining their arguments for them. It's a business/politics magazine, but their articles on science and arts are very very well done. My science-oriented friends say that The Economist does the best job of explaining scientific matters of any general-interest periodical they've ever read.
I think it's the best magazine in the world.