Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 19 October 2012 09:51

Newsweek kills off print

Written by Nick Farrell

y newspaper

Caxton is a thing of the past

In what must be one of the most high-profile moves away from print, the US magazine Newsweek, is moving entirely to digital editions.

In a statement Newsweek said that it would cease print publication at the end of the year and move to an all-digital format. It is not clear how many staff will be made redundant by the move.

The staff remaining will publish a digital magazine called Newsweek Global. Readers will continue to pay for Newsweek. Some Newsweek articles will appear on The Daily Beast, which will continue as a free Web site.

The death of the print edition will help stem Newsweek’s estimated $40 million in annual losses. Newsweek has been on the news agents stands since 1933 and has been the sworn enemy of Time magazine.

A company spokesman said that the move was inevitable. But word on the street was that there were all sorts of rows in the news room as the Internet and magazine businesses were integrated. Despite her best efforts to take a flagging product and rejuvenate it failed.

Many of the problems began in 2010 when Newsweek was sold by the Washington Post Company for a dollar and merged with The Daily Beast. The blending of the two brands failed, in part because no real integration took place. The print operation was kept in the 1980s and the young people at The Daily Beast were shut out.

The print circulation peaked in 1991 at 3.3 million but was down to 1.5 million in June. While advertising pages and revenue grew modestly, it brought in a fraction of the money earned by rivals like Time. Also, Newsweek has not had the resources that benefit magazines like Time.

Many other magazines are likely to suffer Newsweek’s fate as print operations get expensive and advertising moves to the net.


Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments