Newsweek set to end 80-year print edition, will go "all-digital" starting 2013
Agence France-Presse, via ABS-CBNNews.com, reports that on Thursday, October 18, Newsweek "announced that it would end an 80-year run as a print magazine" and will go all-digital by 2013.
Agence France-Presse (AFP), via ABS-CBNNews.com, reports that on Thursday, October 18, Newsweek "announced that it would end an 80-year run as a print magazine" and will go all-digital by 2013.
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The report noted: "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."
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The report quoted Tina Brown-editor-in-chief and founder of the online Newsweek Daily Beast Company-who said, "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. We are transitioning Newsweek, not saying goodbye to it."
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For more on this story, read the AFP article posted on ABS-CBNNews.com.