Newsweek to End Print Edition

Newsweek is an American weekly News Magazine published in New York City and distributed throughout the USA and internationally is the second-largest news weekly magazine in the U.S., having trailed TIME in circulation and advertising revenue for most of its existence.

Since 2008, Newsweek has undergone internal and external contractions designed to shift the magazine's focus and audience while improving its finances. Instead, losses at the newsweekly accelerated: revenue dropped 38 percent from 2007 to 2009.

The revenue declines prompted an August 2010 sale by owner The Washington Post Company to 92-year-old audio pioneer Sidney Harman —for a purchase price of $1.00 and an assumption of the magazine's liabilities.

In November 2010 Newsweek merged with the news and opinion website The Daily Beast, forming the Newsweek Daily Beast Company, after negotiations between the owners of both publications.

Tina Brown,, The Daily Beast's editor-in-chief has since served as the editor of both publications.

On  Thursday October 18, 2012, Tina Brown announced that Newsweek would cease print publication with the December 31, 2012 issue and transition to an all-digital format, to be called Newsweek Global .Its current 1.5 million subscriber base - a decrease of 50% from its one-time peak of 3 million - will be given access to the digital edition.

There was a time when the newsweeklies set the agenda for the nation’s conversation when Time and Newsweek would digest the events of the week and Americans would wait by their mailboxes to see what was on the covers.

Those days have passed, and come the end of the year, the print edition of Newsweek will pass, too. Cause of death- The march of time. 

So on Thursday Oct 18,2012, when Newsweek’s current owners announced they intended to halt print publication and expand the magazine’s Web presence after almost 80 years, and more than 4,000 print editions.

 

Newsweek (2nd largest news weekly magazine in the USA after TIME  in circulation and advertising revenue) is an American weekly news magazine published in New York and distributed throughout the USA and internationally.Newsweek is published in four English language editions and 12 global editions.


Launch

News - Week, the magazine was founded by Thomas J.C. Martyn on February 17, 1933

                                                                    First Issue Cover

  
Events
In 1937 Newsweek merged with the weekly journal Today.
In 1937, Malcolm Muir  took over as president and editor-in-chief. Muir changed the name to Newsweek
In 1961 Newsweek was purchased by the 'The Washington Post Company
By 2010 Newsweek was put up for sale(as it had been losing money for the past two years)
In August 2010 the magazine was sold to Sidney Harman for $1 in exchange for assuming the magazine's financial liabilities.
At the end of 2010, Newsweek merged with the online publication '' The Daily Beast '' and the new entity, The Newsweek Daily Beast Company, was 50% owned by IAC and 50% by Sidney Harman.