After 80 years in print, Newsweek magazine today announced it will stop killing trees by going entirely digital. Its last U.S. print edition will be its Dec. 31 issue.
From then on the publication will be called Newsweek Global, and it will be available by paid subscription with some of its content accessible for free on the Daily Beast. The Newsweek Daily Beast Co. will continue to operate its events and other businesses.
For the employees who are losing their jobs, both in the U.S. and internationally, the decision could be all too reminiscent of 2010, when the Washington Post sold Newsweek for a single dollar.
In making the announcement, editor-in-chief Tina Brown and CEO Baba Shetty said they’re targeting an “opinion-leading audience who want to learn about world events in a sophisticated context,” and that those people increasingly read news online and on mobile devices.
“We are transitioning Newsweek, not saying goodbye to it,” the joint statement read. We remain committed to Newsweek and to the journalism that it represents.”
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