What does it mean for the industry for a big publisher like Newsweek to shut the doors on their print edition? As of 2013, the big giant will go ‘all digital’.
Newsweek Editor Tina Brown wrote a memo about the news to the staff. She announced the end of the issue, and expressed confidence in the digital presence of the magazine.
We are announcing this morning an important development at Newsweek and The Daily Beast. Newsweek will transition to an all-digital format in early 2013. As part of this transition, the last print edition in the U.S. will be our December 31st issue. Meanwhile, Newsweek will expand its rapidly growing tablet and online presence, as well as its successful global partnerships and events business.
Tina had a great interview on Daily Beat TV, you can watch it here:
The idea is that the company wants to be headed in the future. Brown says: “It’s not a question of when, but if.” Newsweek wanted to take control of their own future.
We realize news of a big change like this will be unsettling. We wish to reassure you the transition is well planned, extremely mindful of the unavoidable impact on our staff and respectful of our readers, advertisers and business partners.
This likely won’t be the last publisher to make such a strong decision. The writing is on the wall, and as tablet type devices become more ubiquitous these publications won’t have any other choice.