New York Times

Newsweek, the weekly magazine that for decades summarized the news for households across the United States but struggled to maintain relevance in the Internet era, announced on Thursday that it would cease print publication at the end of the year.

Tina Brown, founder of the Daily Beast Web site and the driving force behind its merger with Newsweek, announced the move on Thursday in a message on the Daily Beast co-written with Baba Shetty, the recently hired chief executive.

“We are announcing this morning an important development at Newsweek and The Daily Beast. Newsweek will transition to an all-digital format in early 2013. As part of this transition, the last print edition in the United States will be our Dec. 31 issue,” Ms. Brown said.

The all-digital version of the magazine will be called Newsweek Global and operate on a paid subscription model. The name Newsweek, in spite of its trouble in print, still has value in terms of international licensing, as well as several conferences Ms. Brown has created.

http://mediadecoder.blogs.nytimes.com/2012/10/18/newsweek-will-cease-print-publication-at-end-of-year/
http://www.thedailybeast.com/articles/2012/10/18/a-turn-of-the-page-for-newsweek.html