Media News - Friday, October 19, 2012
Newsweek ends 80-year print run, goes all-digital
Newsweek announced Thursday it would end an 80-year run as
a print magazine, taking the venerable publication all-digital in
another sign of the woes of an industry struggling in the Internet age.
Like other US 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.
Circulation has fallen from more than four million a decade ago to
around 1.5 million last year, and losses were mounting.
The last print edition in the United States will be the December 31
issue. The announcement did not mentioning Newsweek's international
editions, except to say the new digital version would be a single,
worldwide product. Newsweek, which had a fierce decades-long rivalry with fellow American
coffee-table staple Time magazine, has in recent times been losing money
steadily and struggling with the transition to online journalism. (AFP)
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