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Response to Spaldeen (Reply #7)

Sun Aug 19, 2012, 09:58 PM

11. Pretty sad lately.

Since 2008, Newsweek has undergone a series of internal and external contractions designed to shift the magazine's focus and audience while shoring up the title's finances. Instead, losses at the newsweekly accelerated: revenue dropped 38 percent from 2007 to 2009. The revenue freefall prompted an August 2010 sale by owner The Washington Post Company to 92-year-old audio pioneer Sidney Harman—reportedly for a purchase price of $1.00 and an assumption of the magazine's liabilities. Editor Jon Meacham departed from the magazine upon completion of the sale.

In November 2010 Newsweek merged with the news and opinion website The Daily Beast after extensive negotiations between the proprietors of the respective publications. Tina Brown, The Daily Beast's editor-in-chief has since served as the editor of both publications. Newsweek is jointly owned by the estate of the late Harman and the diversified American Internet company IAC.


http://en.wikipedia.org/wiki/Newsweek

Somehow I don't think turning it into a cheap tabloid will help. I wonder how long it will be before we see it in the checkout line at the grocery store with the National Enquirer?

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Spaldeen Aug 2012 OP
The Velveteen Ocelot Aug 2012 #1
Spaldeen Aug 2012 #7
LineLineLineNew Reply Pretty sad lately.
The Velveteen Ocelot Aug 2012 #11
Blue_Tires Aug 2012 #73
Dawson Leery Aug 2012 #2
hay rick Aug 2012 #10
flamingdem Aug 2012 #12
russspeakeasy Aug 2012 #14
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Khan Aug 2012 #77
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