Newsweek's final print edition 31 December and then moves to all-digital format
Newsweek, the venerable US weekly magazine covering current events, will publish its final print edition on Dec. 31 and move to an all-digital format early next year, two top executives said.
The all-digital publication will be called Newsweek Global and will be a single, worldwide edition, according to a post on the Daily Beast website.
It will be subscription-based and available on e-readers for both tablet and the Internet, with some content available on the Daily Beast website, Tina Brown, editor in chief of Newsweek Daily Beast Co, and Baba Shetty, chief executive officer, said in their post.
“We are transitioning Newsweek, not saying goodbye to it,” Brown and Shetty wrote in the post. The decision to stop printing the 80-year-old magazine is “about the challenging economics of print publishing and distribution.”
The transition will entail job cuts, but the post did not say how many.
Newsweek, which was merged with Brown's Daily Beast site in 2010, has been able to build a growing audience, in part because of the popularity of devices like Amazon.com Inc's Kindle, Apple Inc's iPad and Barnes & Noble Inc's Nook.
That growth has led Newsweek to a “tipping point” where it is most effective to distribute the publication exclusively through digital means, Brown and Shetty said.
Barry Diller, media veteran and CEO of IAC/InteractiveCorp , which has a controlling interest in Newsweek Daily Beast, said in July that he was contemplating making Newsweek available only online because of the cost of “manufacturing” a weekly.
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Its too difficult for a printing media to turn into digital business most of them fail to turn into $$$ content published on line.
For the idiot that say that economist do well, The economist issue weekly is what Argentina’s ClarinMiente sales in 1.5 days in printing stuff.
And the TE online business seems to be pretty poor just only 100k subscribers according with TE figures.
The Economist it is just the useful tool for bankers to brainwash conservative idiots from the countryside.
Traditional printed media need a lot to learn before become successful on line. They are still dinosaurios in the digital world.
Most of printing media group will disappear in the next 5 years because they couldn’t adapt to the digital era.
Lest see what happen in the next 5 years....
Printing Media is slower than Digital Media which has more accessible
but
Digital Media brings up some problems like “” news sources publishing rights “”.
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