Copyrighted Image? DMCA | When former Newsweek editor Tina Brown announced in October 2012 that the storied magazine -- for decades a fixture on newsstands and coffee tables across the country -- would end its print edition by the end of the year, she believed the company had done all it could in the realm of print. Newsweek had been through a rocky few years. Profits steadily declined in the early aughts as subscriptions dwindled; the magazine lost 50 percent of its subscribers between 2007 and 2011. The Washington Post sold the company for $1 to Sidney Harmon, who later merged it with The Daily Beast. It was costing about $42 million simply to print the magazine. "In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format," Brown said in the announcement. "This was not the case just two years ago... |
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