Readersforum's Blog

October 22, 2012

At Newsweek, Ending Print and a Blend of Two Styles

By CHRISTINE HAUGHNEY and DAVID CARR
 
From the start, it was an unwieldy melding of two newsrooms: a legacy print magazine, Newsweek, combined with an irreverent digital news site, The Daily Beast. It had high-profile ownership, first in Sidney Harman and then in Barry Diller, and it was held together by the experienced magazine editor Tina Brown, looking for one more big hit on her résumé.

But on Thursday, Newsweek buckled under the pressure afflicting the magazine industry in general and newsweeklies in particular, with their outdated print cycles that have been overtaken by the Internet.

In a message posted on The Daily Beast, Ms. Brown announced that Newsweek would cease print publication at the end of the year and move to an all-digital format. The transition, she wrote, would include layoffs, and at a staff meeting Thursday morning, she grew teary-eyed when she told employees that she didn’t know how many people would be let go.

The staff remaining will publish a digital magazine called Newsweek Global. Readers will continue to pay for Newsweek, Ms. Brown said, and some Newsweek articles will appear on The Daily Beast, which will continue as a free Web site. The end of the print edition will help stem Newsweek’s estimated $40 million in annual losses.

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