It may not be Canadian, but a legacy weekly magazine shifting out of print production as Newsweek announced today will likely have industry-wide implications, at least serving as an example for publications thinking about going digital-only. As a result, we have created this roundup of coverage and analysis that those south of the border have provided. 


Newsweek to cease print edition at the end of 2012

Storified by J-Source · Thu, Oct 18 2012 12:17:08

On Thursday, Newsweek announced that it would be ending its print edition after 80 years of publication and shifting to an all-digital format. 
It may not be Canadian, but a legacy weekly magazine shifting out of print production will likely have industry-wide implications, at least serving as an example for publications thinking about going digital-only, and thus, we have created this roundup of coverage and analysis that those south of the border have provided. 

This digital format will be known as Newsweek Global and will be subscription-based for tablets and the web, editor-in-chief Tina Brown and CEO Baba Shetty said in a statement. Select content will be available on The Daily Beast, which merged with Newsweek two years ago to create The Newsweek Daily Beast Company

A roundup of the coverage and commentary

Brown and Shetty’s statement on ceasing print publication ends with the following:

“Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night. But as we head for the 80th anniversary of Newsweek next year we must sustain the journalism that gives the magazine its purpose—and embrace the all-digital future.”
A Turn of the Page for NewsweekWe are announcing this morning an important development at Newsweek and The Daily Beast. Newsweek will transition to an all-digital forma…
The New York Times media columnist David Carr reports that Newsweek had been losing about $40 million per year. 
Newsweek Will Cease Print Publication at End of YearIn a post on The Daily Beast, Tina Brown, the founder of the Web site and the driving force behind its merger with Newsweek, announce tha…
The movement out of print meant layoffs, though as of this morning, even staff was unsure of how many. 
Newsweek staff will meet at 11 am to learn more about the end of the print magazine, layoffs: http://journ.us/V9A3sDPoynter
Jon Friedman wrote for MarketWatch that this move of Newsweek’s, removing itself from the print game, points to the future of journalism. “With advertising spending, it has become too expensive for many organizations to run a traditional newspaper or magazine model,” he wrote. 
“The traditional media’s mantra now should be: adapt or die.”
Newsweek points to journalism’s future MarketWatch First TakeNEW YORK (MarketWatch) – Newsweek, which announced Thursday that it will terminate its print edition at year-end and go 100% digital, won…
Jeff Bercovici first reported on the possibility of Newsweek’s move out of print back in July after an earnings call, where IAC chairman and controlling owner of The Newsweek Daily Beast Company Barry Diller suggested that eliminating print could be done by the fourth quarter of this year. 
Diller: Newsweek Not Dead Yet, But Get Ready For Big Changes – ForbesIf Newsweek ceases to exist as a print magazine sometime in the next year, don’t say Barry Diller didn’t warn you. On IAC’s second-quarte…
More on the timing of it. Brown and Shetty’s statement (emphasis added): 
“In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format. This was not the case just two years ago. It will increasingly be the case in the years ahead.”

The Daily Beast‘s Andrew Sullivan doesn’t agree. 
Out Of The Ashes Of Dead TreesThe shift in my own mind has happened gradually. Even up to a year ago, I was still getting my New York Times every morning on paper, wra…
“And to me, the Beast’s decision to put Newsweek Global on a tablet and kill the print edition is absolutely the right one. To do it now also makes sense. To have done it two years ago would have been even better,” Sullivan writes. 
He continues, and at about three-quarters of the way down the page, writes:
“But that doesn’t mean the end of journalism, just of the physical objects that convey journalism. The “media” is simply Latin for the way in which information is transmitted. It’s the way one idea or fact or non-fact goes from someone’s brain into another’s … Print magazines today are basically horses and carriages, a decade after the car had gone into mass production. Why the fuck do they exist at all, except as lingering objects of nostalgia?”
Speaking of nostalgia, there has been some of that surfacing in the wake of the announcement. 

Howard Fineman, now editorial director of The Huffington Post Group, writes about chasing a cover story for Newsweek in 1996. “Back in the day, when you were working on a cover story for Newsweek, nothing else in the world mattered,” Fineman writes. 

Newsweek Is Dying, But Its Spirit Lives OnWASHINGTON — Back in the day, when you were working on a cover story for Newsweek, nothing else in the world mattered. On a winter Iowa …
And The Blaze has curated 100 of Newsweek’s most iconic and controversial covers. 
The 100 Most Iconic & Controversial Newsweek Covers In HistoryThe Newsweek Magazine presses will grind to a halt in less than two months, ending an era of print journalism that spanned three-quarters…

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