#NEWSWEEK FINAL PRINT ISSUE FREE#
Brown said, and some Newsweek articles will appear on The Daily Beast, which will continue asĪ free Web site. Readers will continue to pay for Newsweek, Ms. The staff remaining will publish a digital magazine called Newsweek Global. The transition, she wrote, would include layoffs, andĪt a staff meeting Thursday morning, she grew teary-eyed when she told employees that she didn’t know how many people would be let go. Brown announced that Newsweek would cease print publication at the end of the year and move to an all-digital format.
In a message posted on The Daily Beast, Ms. It had high-profile ownership, first in Sidney Harman and then in Barry Diller, and it was held together by the experienced magazine editor Tina Brown, looking for one more big hit on her résumé.īut on Thursday, Newsweek buckled under the pressure afflicting the magazine industry in general and newsweeklies in particular, with their outdated print cycles that have been overtaken by the Internet. Impoco indicated the new publisher was negotiating deals to save money on production costs, and hoped to build circulation to 100,000 in the first year of resumed print.From the start, it was an unwieldy melding of two newsrooms: a legacy print magazine, Newsweek, combined with an irreverent digital news site, The Daily Beast. IBT Media bought the magazine in August 2013 and installed Impoco as editor in September. “We have a very, very solid newsroom, I don’t have great expectations,” he added. “Printing a single magazine is a fool’s errand if that magazine is a news weekly,” Diller said at the time, citing the difficulty in competing with instant news through the internet and social media. Barry Diller, CEO of Daily Beast parent company IAC/InterActiveCorp announced his intention to sell Newsweek in April 2013, saying the purchase was a “mistake.” The magazine merged with online news site The Daily Beast in 2010, but the unification of the two outlets was rocky from the start. Newsweek had been plagued by declining ad revenues, dwindling distribution and subscriptions, and increasing production costs for years before it was sold to audio engineering mogul Sidney Harman for $1 in 2009 – in exchange for Harman assuming all of the magazine’s debts and obligations. “We see it as a premium product, a boutique product.”Īlso Read: Tina Brown Exiting Barry Diller’s Daily Beast After Costly Newsweek Failure (Updated)
“It’s going to be a more subscription-based model, closer to what The Economist is compared to what Time magazine is,” Impoco, who was formerly an editor at the New York Times, told the paper. The magazine, which had published weekly since 1933, ran what was expected to be its last print issue on Dec. Newsweek’s editor-in-chief Jim Impoco confirmed the magazine’s revival Tuesday following a report in the New York Times indicating Newsweek will reappear a 64-page weekly issue beginning in January or February. Newsweek plans to resume a weekly print edition in 2014 after stopping the presses last year - and its news backers want it to resemble The Economist more than long-time rival Time magazine.
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