Newsweek will return to print in early 2014, a year after ceasing publication as a weekly magazine.
The New York Times wrote that “the magazine expects to begin a 64-page weekly edition
in January or February, said Jim Impoco, Newsweek’s editor in chief. Mr. Impoco said in an interview that Newsweek would depend more heavily on subscribers than advertisers to pay its bills — and that readers would pay more than in the past.”
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Not everyone is certain it can succeed.
“The announcement leaves Newsweek largely swimming against the current in an industry where many legacy publications have come to the painfully slow realization that their financial future most likely exists online,” wrote Josh Voorhees for Slate
Brian Stelter of CNN noted that on Monday, New York magazine announced
it would cease publishing weekly in favor of a bi-weekly format. “But some publishers continue to see money-making opportunities in print. Hours before the Newsweek announcement on Tuesday, the owner of The Week, a digest that summarizes news from other outlets, said that it had decided to slightly expand its publishing schedule, from 48 weeks a year to 51 weeks.”
Newsweek debuted in 1933 and had a worldwide circulation of 3.3 million in the 1990s. As more people turned to the Internet to get their news, however, Newsweek’s readership fell to 1.5 million by 2010.
Billionaire investor Sidney Harman bought the publication three years ago and merged it with The Daily Beast website. The marriage was a flop, and company officials announced in October of 2012 that the print edition would cease in December of 2012. Business Insider said the move was aimed at saving some $40 million annually in overhead.
Turned into an online-only venture called Newsweek Global, the publication was bought by IBT Media this past summer.
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