The decision to resurrect Newsweek's print edition comes as New York magazine, a longtime establishment in weekly magazines, announced it will cut down its print issues to twice a month. When the acquisition was announced, Uzac said: "Having a brand with that kind of global recognition will open doors for IBT, which is growing but still a young company.β IBT Media is the proprietor of digital publication The International Business Times, founded in 2006 by Etienne Uzac, a London School of Economics graduate from France. ![]() She sold the company to IBT Media in August. The magazine was then merged with The Daily Beast, whose editor Tina Brown took over. Harman also assumed at least $40m in liabilities with the purchase. With some of the most influential journalists in the business, NEWSWEEK brings you well-reasoned opinions, expert voices, and incisive reporting that drive and shape global conversations every day, every week, every year. After 49 years of ownership, The Washington Post Company sold Newsweek to audio equipment billionaire Sidney Harman for $1 in 2010. Trusted for more than 75 years, NEWSWEEK provides in-depth analysis and insight into the most significant issues of the day. Newsweek has undergone multiple restructures since its 1991 peak of 3.3m readers. An online-only magazine called Newsweek Global was introduced in its place. Newsweek ran what its "final" print issue on 31 December 2012, in a move designed to save the company $40m a year. With a target circulation of 100,000 in its first year, its sights are set considerably lower than the original print magazine, which in 2010 sold roughly 1.5 million copies a week. The new 64-page print edition of Newsweek will come off the presses in January or February, he said. The DecemNewsweek issue is indeed a collectors issue for it will be the last of the print issue one will hold. Whether or not the transition works, it's evident the periodical knows its identity must be wrapped around an online presence - figuratively, not literally.βItβs going to be a more subscription-based model, closer to what The Economist is compared to what Time magazine is,β Impoco said. The explanation for the cutoff remains a familiar story: print readership is dying on the vine and expensive to maintain, while web and tablet adoption is growing quickly enough that Newsweek believes it can make the switch without taking a long-term financial hit. ![]() Newsweek's Last Print Issue Cover Has A Hashtag. It's now posted the cover of the final issue. Free shippingFree shippingFree shipping NEWSWEEK MAGAZINE Final Print Issue December 31 2012. Editor-in-chief Tina Brown said it cost 42 million to print Newsweek. On December 31st, Newsweek magazine will end its print run, shifting its content to an online-only format called Newsweek Global. Anyone still yearning for the magazine's content after the presses stop will have to turn to the purely digital Newsweek Global or its The Daily Beast sibling, no matter how attached they are to the outlet's 80-year history with paper. Newsweek Last Print Issue December 2012 Magazine. By Michelle Chapman AP Business Writer,October 18, 2012, 10:33 a.m. We're still not used to national publications facing that ultimatum, though, which makes Newsweek's fresh decision to drop its print edition after December 31st both unusual and a bellwether. Newsweek ending print edition, job cuts expected. It's no secret that print media is on its way out, as many regional and niche publications have had to either find a path through the digital wilderness or fold completely.
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