In contrast to the Daily Beast website, which is free and advertising-supported, Newsweek Global will be subscription-based, with some content available on the Daily Beast, Brown and Shetty wrote. Newsweek was merged with the Daily Beast website in 2010. The transition to all-digital will entail job cuts, they said, but did not specify how many.ĭaily Beast is an online news and culture site launched in 2008 by Brown, a former editors of the magazines The New Yorker, Vanity Fair and Talk. The decision to stop printing the 80-year-old magazine is “about the challenging economics of print publishing and distribution,” they said. The all-digital Newsweek will be called Newsweek Global and will be a single, worldwide edition, Tina Brown, editor-in-chief of Newsweek Daily Beast Co, and Baba Shetty, chief executive, wrote in a post on the Daily Beast website. “We are transitioning Newsweek, not saying goodbye to it,” two top executives of the magazine’s parent company said on Thursday. Magazines and newspapers have struggled as readers have gone online or to their tablets and e-readers to get their news. The high cost of print publishing meant rising costs at Newsweek 31 and move to an all-digital format early next year, the latest example of how print media have had to adapt to changing reading habits. weekly current affairs magazine, will publish its final print edition on Dec. Support quality journalism and subscribe to Business Standard.Newsweek, the venerable U.S. Your support through more subscriptions can help us practise the journalism to which we are committed. We believe in free, fair and credible journalism. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.Īs we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content.
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"It is about the challenging economics of print publishing and distribution."īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.
"This decision is not about the quality of the brand or the journalism - that is as powerful as ever," Brown wrote. It later merged with the online publication The Daily Beast. In 2010, after losing money for two years, the Washington Post group sold it off to businessman Sidney Harman for USD 1 in exchange for taking up its financial obligations. The magazine had been struggling for several years and losing circulation in a rapidly digitalising world. The new publication will be targeted for "a highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context," they added.īrown termed the development a "turn of the page for Newsweek" and said exiting print was an extremely difficult moment but it was necessary to embrace the all-digital future to sustain the journalism that gives the magazine its purpose. The new all digital publication will be called Newsweek Global, and will be a single, worldwide edition, they said. The announcement came from Editor-in-Chief Tina Brown and CEO Baba Shetty on the website of the Newsweek's sister publication The Daily Beast. The newsweekly that was first published in 1933 would bring out its last print edition this December after struggling with declining circulation over the years.
Struggling American news magazine Newsweek will end its 80-year-old run in print this year to go all digital, in what was described by its editor-in-chief as a 'turn of the page' for the publication.
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