Newsweek ending print edition, job cuts expected

Sidney Harman, right, his wife Rep. Jane Harman, D-Calif., and children Justine, second left, and Hilary Peck, left, arrive for the opening gala at the opening of the Harman Center for the Arts, Monday, Oct. 1, 2007, in Washington. (AP Photo/Manuel Balce Ceneta) AP

NEW YORK - The U.S. news magazine Newsweek plans to end its print publication after 80 years and will shift to an all-digital format starting in early 2013. Job cuts are expected.

Newsweek's last U.S. print edition will be its Dec. 31 issue.

With more and more consumers on the go and using their cell phones and tablets to receive the news, media organizations have had to increasingly shift more of their emphasis online. Aside from Newsweek, SmartMoney announced in June that it was shuttering its print publication in favor of a digital format. Dow Jones & Co., a unit of News Corp., said at the time that 25 positions at SmartMoney would be eliminated.

Newsweek's decision does not come as a complete surprise. Barry Diller, the head of the company that owns Newsweek, announced in July that the publication was examining its future as a weekly print magazine. Diller said then that the brand was good around the world, but that producing a weekly news magazine in print form wasn't easy.

The announcement of the change was made by Tina Brown, editor-in-chief and founder of The Newsweek Daily Beast Co., on The Daily Beast website Thursday.

Brown said staff cuts are expected, but didn't give a specific figure.

Brown said that the online publication will be called Newsweek Global and will be a single, worldwide edition that requires a paid subscription. It will be available for tablets and online reading, with certain content available on The Daily Beast website.

Comments

CBSN Live

pop-out
Live Video

Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

Market News

Stock Watchlist

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App