Posted on 07/25/2012 10:47:29 AM PDT by abb
Newsweek may cease its print publication by the end of this year, according to IAC chief Barry Diller, who as of this week owns the majority stake in the company.
During a conference call with analysts this morning, Diller suggested that the magazine would eventually transition to an online-only publication, and that changes would begin to take place as early as this Fall.
"The transition will happen,” Diller said. "The transition to online from hard print will take place. We’re examining all of our options."
UPDATE: IAC spokesperson Justine Sacco emails to clarify:
[Diller] was speaking about the weekly print industry in general and said that it’s difficult. We’re looking at all options for Newsweek and will have a plan in place by September or October. He mentioned that he thinks at some point there will be a transition to online from hard print, not entirely, but a general transition, but that was in reference to the whole industry.
Never saw that one coming.
ping
Couldn’t happen to a nicer scandal sheet.
Great. Just great.
And now what am I supposed to do for kindling/kitty litter box liner/target practice around my office.
Newsweek should probably call in Romney and Bain to save their butts.
http://www.dankennedy.net/2012/07/23/globe-publisher-announces-work-force-reductions/
Globe publisher announces work-force reductions
http://gannettblog.blogspot.com/2012/07/detroit-freep-offers-early-retirement.html
Detroit | Freep, DMP and News offer buyouts
http://www.poynter.org/latest-news/mediawire/182652/report-newsweek-will-have-a-plan-to-go-digital-only-by-this-fall/
Report: Barry Diller thinking of taking Newsweek online-only
But who will provide us with photoshopped images??
As if anyone would notice.
http://www.bizjournals.com/sacramento/news/2012/07/24/sacramento-bee-lays-off-employees.html
Sacramento Bee eliminates positions in newsroom, elsewhere
Plan B is to add a centerfold...
“Could see this coming”
Yep, you can practicully see through the latest issues. Corks are popping!
I tried in vain to find a link that wasn’t Bloomberg, you beat me to it.
GOOD NEWS!
It’s about time! (Speaking of which, TIME, you’re next!)
This move will spare DOZENS of trees from being cut down to print magazines each week...
The N.Y. Times works well for that.
Does anyone actually still read Newsweek (print OR on line)?
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