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Newsweek Ends Print Run
Newsweekly's Move Online Leaves Time Magazine Without Longtime Print Rival

December 25, 2012

Newsweek magazine ended almost 80 years in print with its issue dated Dec. 31 as it transitions to an online-only format, a move that makes it the most widely-read magazine yet to give up on the print media.

On the cover of the magazine, which was released Monday, is a shot of what was its Manhattan office building, with a Twitter hashtag, #lastprintissue, across the front in red.

The magazine had said in October that it would go all digital, and is now part of the news and commentary site The Daily Beast. Tina Brown, who was editor of the magazine, is also the editor of the Daily Beast, which is controlled by IAC/Interactive Corp.

Newsweek's switch is a signpost of how traditional print news outlets are being battered by an exodus of readers and advertisers to the Web.

Since 2005, Newsweek's circulation has dropped by about half to 1.5 million and advertising pages plunged more than 80%, while the magazine's annual losses had lately reached roughly $40 million.

Subscriptions to the new all-digital publication, called Newsweek Global, cost $4.99 for a single copy—the same price as the magazine—or $24.99 for an annual subscription.

Newsweek will have the help of the free Daily Beast as a promotional platform. The Daily Beast's traffic has grown 36% in the past year to five million unique visitors per month, according to comScore, a market-research firm.

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Nimish · Posted: Wed Dec 26, 2012 9:43 am Post subject:

I remember subscribing to newsweek for a few years when I was in high school - used to look forward to the issue every week! However with the increasing penetration of alternate channels of information, the print edition is certainly becoming irrelevant in my life (except now my kids both subscribe to their own print magazines, and I end up buying a few issues at the railway station)!
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