End of the Year, End of an Era – Newsweek Magazine to Cease Publishing


As another year ends, it is only appropriate that RE should report on the end of an era. The iconic Newsweek Magazine has released it’s last print issue.

Citing sagging subscriptions and reduced advertising, the 80-year old publication has decided to go completely digital. Financially, the magazine lost over $22-million this past year, and 16% of it’s advertising base.

Their new digital magazine will feature a new name; Newsweek Global, launching in early 2013 and will be available on most eReaders, tablets and mobile phones.

Newsweek had merged with the digital magazine DailyBeast in 2010, without improved sales. The change to an all digital format will likely bring about a restructuring by the publisher, and could result in substantial layoffs.

Publishers are hoping going digital will boost subscriptions and save the magazine. Tina Brown editor of Newsweek, posted this press release:

In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format. This was not the case just two years ago. It will increasingly be the case in the years ahead.

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 is produced by a gifted and tireless team of professionals who have been offering brilliant work consistently throughout a tough period of ownership transition and media disruption. Regrettably we anticipate staff reductions and the streamlining of our editorial and business operations both here in the U.S. and internationally.

Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night. But as we head for the 80th anniversary of Newsweek next year we must sustain the journalism that gives the magazine its purpose–and embrace the all-digital future.”

With essays by former editors and writers, as well as a history of the magazine, the last print edition is likely to become a bittersweet collectors item.

 

Similar Articles

Comments

FOLLOW US

2,026FansLike
3,248FollowersFollow
9,910SubscribersSubscribe

Recent Book Trailers

Instagram

Advertisment

Don't Miss

The Authors Teaching Masterclass

0
MasterClass online classes offer anyone with an active mind who wants to learn more about a skill the opportunity to learn from masters. Currently, there...

Barnes & Noble Announces 2020 Book of the Year Finalists

0
Barnes & Noble, Inc., with bookstores in every state across the United States, announced today the finalists for the second annual Barnes & Noble Book of...

Allen County Public Library’s Storytime

0
It's "Storytime" at the Allen County Public Library! And even though we're quarantined, that doesn't mean we have to miss out on storytime! The Allen...

Merriam-Webster Announces 2020 Word of the Year

0
For the year 2020 the word is…………..PANDEMIC According to Merriam-Webster the statistic for looking up the words spiked in February, the first day Covid-19 became...

Page Turning: Who We Are by Senator Murray Sinclair

0
For decades, Senator Sinclair has fearlessly educated Canadians about the painful truths of our history. He was the first Indigenous judge in Manitoba, and only the...

Sourcebooks Celebrates Historic Election of Madam Vice President-Elect Kamala Harris with 2021 Calendar

0
Sourcebooks, the largest woman-owned publisher in North America, is celebrating the historic election of Madam Vice President-Elect Kamala Harris with a new calendar. The...

You Can Vote! Goodreads Choice Awards Final Days

0
Some votes are still being counted! Of course, we mean for the Goodreads Choice Awards! You can still cast your vote for "Best Books of...

Quick Look: We have some Warm Holiday Cozy Mysteries!!!

0
Christmas Cupcake Murder -- A Festive & Delicious Christmas Cozy Mystery A Hannah Swensen Mystery by Joanna Fluke As December turns Lake Eden into the North...

Rescue pups, a new release, & grilled cheese talk with author Kaylie Newell

0
Kaylie Newell was born in the great state of Oregon, where she was raised alongside rivers and lakes and scruffy dogs that chased their...

BookBub and Chirp – Are they worth it?

0
BookBub sends me a daily email and I actually read it every day. For someone who gets a lot of emails daily, this says...