Newsweek Ends 80 – Year Run, Goes All – Digital
Newsweek announced on Thursday that it would end an 80 – year run as a print magazine at the end of the year, taking the venerable publication all – digital to cope with a harsh media environment. “We are transitioning Newsweek , not saying goodbye to it,” wrote Tina Brown, Editor – in – Chief and founder of the online Newsweek Daily Beast Company, in a statement posted on the Daily Beast website.
“This decision is not about the quality of the brand or the journalism — that is as powerful as ever. It is about the challenging economics of print publishing and distribution.” Newsweek had a fierce decades – long rivalry with Time. Ms. Brown acknowledged the merger of the print edition and the online Daily Beast operations, called “Newsweek Global”, would require layoffs.
She said the all – digital publication “will be a single, worldwide edition targeted for a highly mobile, opinion – leading audience who want to learn about world events in a sophisticated context”.
It will be available on the web and on tablets via a paid subscription, with “select content” available on The Daily Beast website. Like other U.S. magazines and newspapers, Newsweek has been grappling with a steep drop in print advertising revenue, steadily declining circulation and the migration of readers to free news online.
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