The final print edition of Newsweek will run December 31, shifting to an all-digital format early next year. The all-digital Newsweek will be called Newsweek Global and will be a single, worldwide edition.
“We are transitioning Newsweek, not saying goodbye to it,” said Tina Brown, editor-in-chief of Newsweek Daily Beast, and Newsweek Daily Beast CEO Baba Shetty.
In contrast to the free and advertising-supported Daily Beast website, which Newsweek merged with in 2010, Newsweek Global will be subscription-based, though some content will be available for free on the Daily Beast. Industrywide, U.S. magazine advertising pages fell 8.8 percent in the first half of 2012, according to Publisher’s Information Bureau data, while Newsweek saw its ad pages rose 7.6 percent during that period, though its circulation are down from a max of 3 million to 1.5 million.
Source: Reuters.com
