Newsweek Going Digital: Are Print Media Days Numbered?
The owners of the 80-year-old Newsweek magazine announced it would cease publication by the end of the year.
Newsweek, founded in 1933, was once a venerable part of the weekly news magazine business, competing with Time magazine to bring news to several million readers.
But last week its owners announced that by the end of the year, its print publication would cease and be replaced with a digital version named Newsweek Global.
Declining advertising revenue and subscribers were the cause according to a report in the New York Times. The report said the magazine "struggled to adapt to the Internet age and establish a digital presence, while facing a decline in advertising and circulation."
Over the past decade a number of newspapers have struggled to keep up with the ever-changing landcape caused by the Internet. Some have reduced print versions, others simply folded, unable to make the adaption to the digital age.
Do you thnk one day soon that instead of reading of our favorite newspaper while enjoying our morning coffee, we be forced to pull out our laptops for the morning news?