News
magazine to go digital-only from 2013 after 79 years and will publish single
worldwide edition
guardian.co.uk,
Mark Sweney, Thursday 18 October 2012
 |
| Newsweek: will go digital-only from the new year |
Newsweek is
to axe its print edition after 80 years and move to digital-only from the new
year.
Tina Brown,
the editor-in-chief of Newsweek and sister digital news site the Daily Beast,
told staff in an email that the last print edition will appear on 31 December.
The new
digital-only publication, which will be called Newsweek Global, will be a
"single worldwide edition targeted for a highly mobile, opinion-leading
audience who want to learn about world events in a sophisticated context".
Newsweek
Global will be supported by paid subscriptions, with content available for
e-readers, tablets and the web, with some content also available on the Daily
Beast.
Brown, a
former editor of the New Yorker and Vanity Fair, said that the shift to digital
will lead to staff cuts and a downsizing of the business internationally.
"The
inexorable move to an all-digital Newsweek comes with an unfortunate
reality," she said in an email to staff on Thursday. "Regrettably we
anticipate staff reductions and the streamling of our editorial and business
operations both here in the US and internationally."
Brown was
quick to point out that the cuts and move to digital was not about saying
"goodbye" to Newsweek, but responding to the reality of the costs of
maintaining a print publication.
"We
are transitioning Newsweek, not saying goodbye to it," she said. "We
remain committed to Newsweek and to the journalism that it represents. 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,
which was saved for closure by the late Sidney Harman when he bought it for $1
from the Washington Post in August 2010, was swiftly merged with Brown's Daily
Beast in a 50/50 joint venture later that same year.
Brown
launched the Daily Beast – which is named from her favourite novel, Evelyn
Waugh's Scoop – in 2008 with the backing of Barry Diller's InterActiveCorp.
"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," she said.
The news
comes a week after Variety, the 107-year-old US entertainment industry bible,
was sold to the parent company of Nikki Finke's digital news site Deadline.com
for $25m.
Observers
believe that Variety's new owner, Penske Media Corporation, will look to cut
back on the magazine's weekday or weekly print edition.
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Related Article:
"Recalibration of Free Choice"– Mar 3, 2012 (Kryon Channelling by Lee Caroll) - (Subjects: (Old) Souls, Midpoint on 21-12-2012, Shift of Human Consciousness, Black & White vs. Color, 1 - Spirituality (Religions) shifting, Loose a Pope “soon”, 2 - Humans will change react to drama, 3 - Civilizations/Population on Earth, 4 - Alternate energy sources (Geothermal, Tidal (Paddle wheels), Wind), 5 – Financials Institutes/concepts will change (Integrity – Ethical) , 6 - News/Media/TV to change, 7 – Big Pharmaceutical company will collapse “soon”, (Keep people sick), (Integrity – Ethical) 8 – Wars will be over on Earth, Global Unity, … etc.) - (Text version)
“… 6 The
News
Number six.
I'll be brief. Watch for your news to change. It has to. When the media
realizes that Human Beings are changing their watching habits, they're going to
start changing what they produce for you to watch. Eventually, there's going to
be something called "The Good News Channel," and it will be very
attractive indeed. For it will be real and offset the drama of what is today's
attraction. This is what families at night, sitting around the table, will wish
to watch. They'll have something where the whole picture of a situation is
shown and not just the dramatic parts. You will hear about what's happening on
the planet that no one is telling you now, and when that occurs [we have no
clock, dear one], it's going to compete strongly with the drama. I keep telling
you this. Human nature itself is starting to be in color instead of black and
white. Watch for it. And that was number six. ..”
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