All Rights Reserved.On Monday morning, the last print version of Newsweek will hit newsstands, and the final cover for the magazine showcases the history of the paper while ushering in the digital age. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 'That still is the single the most expensive thing, to chop down trees, to put ink on paper, put it on a truck and deliver it to your house,' he said while on MSNBC's 'Morning Joe.' 'But I do think that that becomes a premium product.' Richard Stengel, managing editor of Time, said in a television appearance Thursday that he believes there is still value in publishing a paper version of a magazine, despite the costs.

and internationally,' Brown said in the statement, although she did not give any details on the extent of the staffing cuts to come.

'Regrettably, we anticipate staff reductions and the streamlining of our editorial and business operations both here in the U.S. The new online publication will be called Newsweek Global. And advertising has traditionally been the key to print profitability. While Newsweek enjoyed a rebound in ad revenue in the first six months of this year, that recouped only about 2% of the revenue it lost in the previous four years. And there are expected to be 70 million computer tablet users by the end of the year, she said, up from 13 million just two years ago.ĭespite having so much more paid readership for its print version than its digital version, Newsweek's print advertising has been in a steep, steady decline in recent years, plunging by $334 million, or 70%, between 20, according to figures from the Publishers Information Bureau. Related: Twitter to media honchos - We're not the enemyīrown said reaching readers in the future increasingly depends on the digital version, citing a Pew Research Center survey that said 39% of Americans get their news from an online source. CNNMoney and Time are both owned by Time Warner ( TWX). Time, its primary competitor, has a paid circulation of 3.3 million for its print edition. Its paid circulation was over 3.1 million as recently as 2006. Newsweek's print edition had a paid circulation of 1.2 million copies over the last 12 months, while it had only 26,394 paid electronic copies on average, according to circulation data printed in the most recent edition. Shares of IAC were little changed in morning trading Thursday. 'What is the problem? The problem is in manufacturing, producing a weekly news magazine, and that has to be solved.' 'The brand is good,' IAC CEO Barry Diller told investors during a conference call on company earnings in July. Losses are expected to rise the rest of this year. For its most recent quarter, IAC reported a $7.3 million operating loss from its media unit, of which Newsweek is a major component.

Newsweek final print issue