Newsweek ends 80-year run, goes all-digital

Newsweek announced Thursday it would end an 80-year run as a print magazine at the end of the year, taking the venerable publication all-digital to cope with a harsh media environment. "We are transitioning Newsweek, not saying goodbye to it," wrote Tina Brown, editor-in-chief and founder of the online Newsweek Daily Beast Company, in a statement posted on the Daily Beast website.
"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." Newsweek, which had a fierce decades-long rivalry with Time magazine, has been losing money steadily.