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Newsweek ends 80-year print run; to go all-digital from 2013

Newsweek, an American weekly news magazine
published in New York City, has announced that it would end an 80-year run as a
print magazine and go all-digital from 2013 onwards.  Tina Brown, editor-in-chief and founder of the
online Newsweek Daily Beast Company, said the change means the magazine will
“embrace the all-digital future. We are transitioning Newsweek, not saying
goodbye to it.” The last print edition in the United States will be the
December 31 issue.

Newsweek, an American weekly news magazine
published in New York City, has announced that it would end an 80-year run as a
print magazine and go all-digital from 2013 onwards.  Tina Brown, editor-in-chief and founder of the
online Newsweek Daily Beast Company, said the change means the magazine will
“embrace the all-digital future. We are transitioning Newsweek, not saying
goodbye to it.” The last print edition in the United States will be the
December 31 issue.

According to media reports, 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.

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.

Newsweek is owned by IAC, whose assets include
Match.com, Ask.com, CollegeHumor, and CityGrid Media. It had recently acquired
About.com from the New York Times Co.

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