Newsweek magazine, which will be 80 next year, will have
its last printed edition Dec. 31, 2012. The octogenarian will be completely digital in 2013 as Newsweek Global.
IAC/Interactive Corp, Newsweek’s parent company, reported
a $7.3 million quarterly loss from its media operations, which include Newsweek
and The Daily Beast. Newsweek’s print advertising is in a freefall – down $334
million, or 70%, from 2007 to 2011.
Computer tablets have grown from 13 million to 70 million
in just two years. Thirty-nine percent of Americans get their news from a
digital source.
To read the entire article, click on http://money.cnn.com/2012/10/18/news/companies/newsweek-print-edition/index.html
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