Newsweek Writes Its (Print) Obit
“Currently, 39 percent of Americans say they get their news from an online source, according to a Pew Research Center study released last month. In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format. This was not the case just two years ago. It will increasingly be the case in the years ahead. . . .
“We are transitioning Newsweek, not saying goodbye to it. We remain committed to Newsweek and to the journalism that it represents.”
—Tina Brown, editor, and Betty Shetty, CEO, Newsweek Daily Beast Company, in joint post announcing that the 79-year-old newsmagazine, losing $40M/year, will cease its print edition in December. Oct. 18, 2012 URL
• Editorial Comment: Beastly.
• Yesterday’s WORD: Did you miss yesterday’s WORDs from Nieman Fellow Henry Banta about covering politics? Click here.
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