Newsweek Magazine Is Dead...

[Warph]

... could Time Magazine be far behind?
http://www.newsmax.com/Newsfront/newsweek-magazine-print-only/2012/07/25/id/446516?s=al&promo_code=F900-1

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.



Newsweek Killed Itself
by Jefferey Lord
July 27, 2012

Back in the Stone Age of 2010, we wrote of Newsweek and the canary in the coal mine. In short, we said Newsweek magazine was "gasping for financial breath."

And now?

Our friends at Newsmax have now officially reported the inevitable: Newsweek -- the print version -- is dead. Dead as the proverbial doornail.

Why?

Multiples of reasons, some of which we discussed back in the Stone Age of 2010. But in sum?

Liberalism is dying. This is Bob Tyrrell's point in The Death of Liberalism.

Make no mistake: Newsweek was struggling for two reasons: the Internet -- and the self-inflicted wounds of American liberalism. In part -- Newsweek killed itself.

Just to note?

Rush Limbaugh, Sean Hannity, Mark Levin and Fox News are doing just fine.

But Newsweek? The print version? The magazine that thought there was a huge audience in mocking Sarah Palin by picturing her on the cover in hot pants with the American flag with the headline, "How Do You Solve a Problem Like Sarah?"

That Newsweek is now officially dead.

And Sarah Palin -- not to mention the conservative movement -- is alive and thriving.