Newsweek Magazine is joining the digital age - ending its print edition starting in January 2013. The weekly news magazine (and a favorite of mine) has been in publication for 80 years.  If ever there was an event, a tragedy, anything I wanted to save for history's sake - I'd go out and buy a Newsweek magazine.

Editor Tina Brown says the new, all-digital, tablet edition of Newsweek will be called 'Newsweek Global' and will be available only with a paid subscription.

In a memo to Newsweek employees - Brown cited an increase in online readership activity and a decrease in print revenue sales and subscriptions of the print edition of Newsweek.

Currently, 39 percent of Americans say they get their news from an online source, according to a Pew Research Center study released last month. 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.

 

It is important that we underscore what this digital transition means and, as importantly, what it does not. We are transitioning Newsweek, not saying goodbye to it. We remain committed to Newsweek and to the journalism that it represents. This decision is not about the quality of the brand or the journalism, that is as powerful as ever. It is about the challenging economics of print publishing and distribution.  -

Tina Brown & Baba Shetty

 

Newsweek began in 1933 and was once a powerhouse among the U.S. news weekly magazines.  When 2013 begins - only Time magazine will remain as a printed, weekly, news magazine.