Here is the initial post from The Drudge Report:
The DRUDGE REPORT has learned that reporter Michael Isikoff developed the story of his career, only to have it spiked by top NEWSWEEK suits hours before publication. A young woman, 23, sexually involved with the love of her life, the President of the United States, since she was a 21-year-old intern at the White House. She was a frequent visitor to a small study just off the Oval Office where she claims to have indulged the president's sexual preference. Reports of the relationship spread in White House quarters and she was moved to a job at the Pentagon, where she worked until last month.
The young intern wrote long love letters to President Clinton, which she delivered through a delivery service. She was a frequent visitor at the White House after midnight, where she checked in the WAVE logs as visiting a secretary named Betty Curry, 57.
The DRUDGE REPORT has learned that tapes of intimate phone conversations exist.
The relationship between the president and the young woman become strained when the president believed that the young woman was bragging about the affair to others.
NEWSWEEK and Isikoff were planning to name the woman. Word of the story's impeding release caused blind chaos in media circles; TIME magazine spent Saturday scrambling for its own version of the story, the DRUDGE REPORT has learned. The NEW YORK POST on Sunday was set to front the young intern's affair, but was forced to fall back on the dated ABC NEWS Kathleen Willey break.
The story was set to break just hours after President Clinton testified in the Paula Jones sexual harassment case.
I was shocked to learn that this was how the world initially found out about one of the most famous scandals in American history, but even more perplexed by the fact that Newsweek would hesitate to publish this story. To me, its seems like the ultimate break. How many times does a reporter/editor/paper have the opportunity to be the first to break a sex scandal involving the sitting President of the United States of America and an intern almost half his age? Let alone one that allegedly occurred in the Oval Office of the White House? I mean this sounds like reporter's w#! dream. These types of stories just don't come around all that often. Hence, you would think that Newsweek would want to pounce on this opportunity as fast as they could, but they didn't. I had to find out why.
Apparently, Mark Whitaker of Newsweek, who was filling in as editor of the publication at the time, decided not to run the story, because he was afraid of what might happen to the paper's reputation if they were wrong. Although Whitaker admits that Mike Isikoff, the Newsweek reporter covering the story, "knew a lot about it, but he had never met Lewinsky herself. All of his sources were sort of around her. So we didn't know, you know, just how credible she was. And by the time, once when Starr [Ken Starr, the lead government investigator for Paula Jones case] had her, you know, basically under protective custody to sort of, you know, question her, [Newsweek] couldn't get to her" (Reliable Sources, CNN).