Tags: newsweek | magazine | print | only

Newsweek Magazine To End Print Edition

Wednesday, 25 Jul 2012 12:26 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Newsweek will eventually transition to an online publication, owner IAC/InterActiveCorp (IACI) said today, marking the beginning of the end for the magazine’s 79-year run as a print weekly.

IAC Chairman Barry Diller made the announcement during a quarterly earnings conference call, saying the New York-based company aims to curb investments in the money-losing business. Still, he stopped short of saying it would be a “total” shift to the Internet.

“The transition to online from hard print will take place,” Diller said. “We’re examining all of our options.”

A plan to move Newsweek to an online-only publication will be announced as early as September, Diller said. Newsweek became part of his media holdings in 2011 when it merged with IAC’s Daily Beast Co., an online news startup that Diller started with former Vanity Fair editor Tina Brown. The merger was part of an agreement with the late Sidney Harman, who acquired Newsweek from Washington Post Co. for $1 and the assumption of liabilities.

IAC, which makes most of its revenue from the Match.com and Ask.com websites, reported a 2.1 percent gain in second-quarter net income to $43.3 million. Sales increased 40 percent to $680.6 million.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Limbaugh Back After Week Off for Second Cochlear Implant

Thursday, 24 Apr 2014 22:58 PM

Talk show host Rush Limbaugh is back on the airwaves after taking a week off to have surgery for a second cochlear impla . . .

Retired Justice Stevens: Time to Legalize Marijuana

Thursday, 24 Apr 2014 21:42 PM

It's time for the federal government to legalize marijuana, as public opinion is changing and the distinction between m . . .

Another Obamacare Deadline Extended

Thursday, 24 Apr 2014 21:20 PM

The deadline for enrolling in healthcare plans through the Obamacare program has been extended again, this time to June  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved