Newsweek ending print edition, job cuts expected
October 18th, 2012
07:48 AM ET

Newsweek ending print edition, job cuts expected

Newsweek will go out of print at the end of the year, becoming an online publication only, the company announced Thursday.

The transition will bring job cuts, said Tina Brown, editor-in-chief.

On its official Twitter feed, the company announced:

“It is important that we underscore what this digital transition means and, as importantly, what it does not,"  Brown, who is also founder of The Newsweek Daily Beast Company, wrote in a post at thedailybeast.com. "We are transitioning Newsweek, not saying goodbye to it."

The decision "is about the challenging economics of print publishing and distribution," she wrote.

"Regrettably we anticipate staff reductions and the streamlining of our editorial and business operations both here in the U.S. and internationally," Brown added.

Full coverage from CNNMoney.com is here.

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Filed under: Business • Economy • Media
soundoff (26 Responses)
  1. Buffmuffin

    That's what happens when you become a liberal rag, reprinting socialist agenda no one wants to read.

    National Review, The American Conservative, The Wall Street Journal, The American Spectator, The Weekly Standard are ll doing just fine...

    Huff Po, Newsweek, playboy, and pretty much any liberal classical newspaper you care to point at have either filed bankruptcy or are flirting with it.

    Socialist mantra just doesn't sell well, The line that people are helpless and will never amount to anything without the government there to take care fo them just isn't going to sell to the broad market.

    The dichotomy being, that those liberals have convinced to live at the behest of government simply do not have the disposable income to spend on periodicals :)

    October 18, 2012 at 7:58 am | Report abuse |
    • banasy©

      Playboy is a newspaper, and a liberal one at that?
      Really, now?
      I guess Hustler would be the conservative equivalent of that newspaper?

      October 18, 2012 at 10:13 am | Report abuse |
    • Name s kel

      How can a so called human being that you call yourself (conservitive people hating narrow thinking neo nazi drone) think to even write this fox news inspired trash. Sooooo now you right wing propoganda supressers dont like the constution huh? You may or may not know in your small brain ,called " Freedom of the Press" ! Or referance to freedom of the press.The good thing is that you are non american,right wing taliban trash.

      October 18, 2012 at 10:20 am | Report abuse |
    • Jeff

      Just because most backward thinking conservatives haven't figured out how to use a mouse yet.

      October 18, 2012 at 10:23 am | Report abuse |
    • Jill

      @buffmuffin, completely concur and thank you for that comment. Good bye and good riddance, leftist propaganda rag. All the George Soros money infusion and Obama rah rah cheerleading couldn't save you. Leftist politics are emotion driven ideology, intellectually indefensible. The ideological do-gooders are too few to support it, and all your free loading minions can't read. They're laying around unemployed high on medicare prescriptions eating food stamp cheetos.

      October 18, 2012 at 11:52 am | Report abuse |
    • Ron

      I seriously doubt they're doing fine. In due course, they will go under too. It's inevitable.

      October 19, 2012 at 10:46 am | Report abuse |
    • The6thsense

      WOW
      so many angry people here........let go of than anger and enjoy life.

      October 21, 2012 at 6:25 am | Report abuse |
  2. Patrick

    Wooo. Everyone keeps saying the newspapers will too. But why pay for a paper or news magazine while CNN, CNNI, and HLN are free and better?

    I do miss the original HLN where they just had news and played it over again every 30 minutes with updates. It was really HLN – Just In news then. It was GREAT.

    October 18, 2012 at 8:01 am | Report abuse |
  3. saywhat

    Sure@Dwight
    Bain/Mitt export of jobs to China raking in $450'000 a week, would though continue. While he babbles on and on on how "he has what it takes to create jobs"- magic wand of course.
    Vote for Romney ( read vote for America's undoing).

    October 18, 2012 at 10:04 am | Report abuse |
    • banasy©

      Sure, the "I have what it takes to create jobs, but I'm not gonna tell you how until after I get elected." Mitt Mantra.

      October 18, 2012 at 10:22 am | Report abuse |
    • George

      Our resident Islamic apologist and Al Qaeda propagandist is an economic socialist to boot? So tell me, minister of propaganda, why don't the oil rich saudis redistribute their wealth to alleviate palestinian suffering?

      October 18, 2012 at 11:55 am | Report abuse |
  4. Name s kel

    Yeah get a job with mitt, at 99cents an hr, no health coverage, if you cough your fired, if your not making enough money for your ceo your low pay job will go overseas to people getting paid 35cents an hr ,no unemployment beg for a living, join the military to fight one of our many new wars against Iran,North Korea, back to Iraq, Cuba, Or maybe the big one with Russia(nukes will end that one).......yep vote for mitt.

    October 18, 2012 at 10:34 am | Report abuse |
    • Sam

      @Name s kel, you suffer from an inferiority complex. Evaluate your skills and abilities and apply them where they're absent in the marketplace. You can be the CEO. Tou can be the Bill Gates or Steve Jobs. It's called "capitalism" and is conclusively established as the economic model creating the most wealth of any system. Yes, there are winners and losers, but your gloomy post sounds like you're just assuming you'll lose. Put down that marijuana joint and get a skill and set yourself on the path to success!

      October 18, 2012 at 11:59 am | Report abuse |
    • banasy©

      @Sam, s kel is a retired First Responder, and if anyone has in inferiority complex, it would be the one who uses ad hominem insults to try to get his pointless point across.
      Don't call the FD is your house is on fire; one of those gloomy people may show up.
      You know, the kind that people like the GOP wants to break the unions of...and the defund the salaries of...yada yada yada.

      October 18, 2012 at 7:43 pm | Report abuse |
    • Name s kel

      Sam if its one thing I have learned its that the truth takes a background to the bold LIES that most republicans spew and self delusionaly belive themselfs. But than again look who you conseritive fools look too as insperation and guidence in your deciect,lies, disrespect,hate and truth distortion...mitt romney. You SICK demented republicians dont even like him,your not only a party on liers,and cheats but of users. Users by any means reguardless of the negitive actions and future reprecussions! Sam your sick! I dont pity you , I just want you and your kind to vanish.........Oh wow ,how good that would be.

      October 19, 2012 at 8:50 am | Report abuse |
    • Name s kel

      Sam just admit to yourself as a narrow thinking republican who wants to tag people who has different ideas , thoughts than yours(ie: First Responder, War Vet. as a pot smoker). Come on sam admit you were WRONG iLL even take back my thoughts of you as a possiable meth smoker!

      October 19, 2012 at 9:38 am | Report abuse |
  5. Ancient Texan

    You could see this coming; the far left stance narrowed their share of readers just like "Air America" did on radio. I received a gift subscription a few years ago and canceled it after receiving two issues.

    October 18, 2012 at 11:18 am | Report abuse |
  6. Brutus

    Sic Semper Tyrranis! The marketplace has spoken.

    October 18, 2012 at 12:29 pm | Report abuse |
  7. chrissy

    Wow, do food stamps cheetos taste different than the cheeto brand cheetos? And @ s kel, i guess being a lst responder and firefighter arent worthwhile jobs to these people eh? Til they need you of course, then its whole different ballgame.

    October 18, 2012 at 7:23 pm | Report abuse |
  8. chrissy

    @ s kel, as a family member of 2 lost on 9/ll i have nothing but the highest regards and respect for your efforts saving lives during that very tragic part of our lives! And anyone who doesnt has no respect for humanity PERIOD!

    October 18, 2012 at 7:29 pm | Report abuse |
  9. namy

    I'm worried haw many workers will be cut who have been made "paper".

    October 18, 2012 at 10:18 pm | Report abuse |
  10. jrd

    Folks, you can't make this is liberal/ conservative issue. All print media is disappearing, even small town newspapers. The same goes for the publishing world of novels. It's not political. It was the same when radiio dramas disappeared with the invention of TV. Everything changes. People will still get news, it just won't be on paper.

    October 19, 2012 at 5:50 am | Report abuse |
  11. Josh

    I just got in the US Mail today, a TWO YEAR subscription offer for their printed magazine.

    If they are shutting down printing such, why are they still attempting to sell subscriptions? 2-year subscriptions no less.

    October 19, 2012 at 4:36 pm | Report abuse |
  12. ~~~

    I still think there's a place for paper. I don't think people are going to want to read those nook things either. We read text online all day. Books are better. There's still a place for paper magazines and such. Maybe not this one, but I don't think people like too many electronics in their lives. its too much already.

    October 22, 2012 at 12:50 am | Report abuse |
  13. Daniel

    I know this is off topic, but much like the newspaper, is anyone else just waiting until it's time to die?

    October 22, 2012 at 5:16 pm | Report abuse |
  14. curious

    What will be folded and ripped and scattered about dental waiting rooms now?

    October 22, 2012 at 11:51 pm | Report abuse |