2012 October 18
Newsweek Goes Completely Digital
WILL RAGOZZINO/PatrickMcMullan.com View Gallery
(NEW YORK) After 80 years, Newsweek is parting ways with print and will be exclusively digital by year's end. According to Tina Brown, founder of The Daily Beast, and Baba Shetty, chief executive of Newsweek/The Daily Beast, Newsweek will be fully merged with The Daily Beast by early 2013, with the final print edition hitting newsstands and mailboxes with the December 31 issue. The all-digital version will be titled Newsweek Global, will operate on paid subscriptions, and will include a comprehensive tablet version.
Founded in 1933, Newsweek began publication as a weekly magazine that managed to maintain its place in the publishing world; this past June, however, circulation fell by more than half, to 1,527,157. In 2010, Newsweek was sold to Sidney Harman who merged it with The Daily Beast. In the spring of 2011, Mr. Harman passed away, leaving the publication in the family's hands. Last summer the family announced that they would no longer invest in the magazine, which led to losses of nearly $40 million a year. "A Turn of the Page" announcement on Newsweek's site was posted, bearing news of the mag's full shift to digital.
Chanel is taking quite a trip for its next showing: Karl Lagerfeld's latest Cruise collection will be trotted out in Dubai on May 13. The show will be staged on an island off the city...
Meaghan Murphy, formerly deputy editor at Self, has been named executive editor at Good Housekeeping...John Brodie, formerly executive editor at Hachette Book Group, has been named...
It's always an editrix-studded affair when Ann Taylor presents their latest collection, and their Fall 2014 preview this week was no exception. The likes of Kyle Anderson, Cindy Weber...