The last print edition of Newsweek in the United States will be the Dec. 31 issue. The digital publication, which will be named 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.”
In her announcement, Brown chronicles the growth of their online platform since Newsweek and The Daily Beast became one happy family. On the flip side, however, “our business has been increasingly affected by the challenging print advertising environment, while Newsweek’s online and e-reader content has built a rapidly growing audience through the Apple, Kindle, Zinio and Nook stores as well as on The Daily Beast.”
Brown also sought to underline that this does not mean she is bidding farewell to Newsweek the publication altogether:
We are transitioning Newsweek, not saying goodbye to it. 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.
Ah yes, those “challenging economics” media world has grown to know well. Who’s next — any guesses?
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