Venerable 80 year old news magazine Newsweek is to cease print publishing at the end of 2012.
The decision to cease print operations was made by head Tina Brown, who came to Newsweek when it merged with Brown’s The Daily Beast, and move that was at the time pitched as a way of saving the magazine.
In a statement, Brown said that the switch to online only came as
our business has been increasingly affected by the challenging print advertising environment, while Newsweek’s online and e-reader content has built a rapidly growing audience through the Apple, Kindle, Zinio and Nook stores as well as on The Daily Beast…
Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night. But as we head for the 80th anniversary of Newsweek next year we must sustain the journalism that gives the magazine its purpose—and embrace the all-digital future.
The closure of the print edition of Newsweek isn’t a huge surprise; it’s been struggling for years, however it is one of the biggest, well known names in the magazine industry to fold to date.
The last print edition of Newsweek will hit the stands 31 December.