The uber liberal newsweek magazine is going all digital. It has been teetering on the edge on oblivion for some time. Tina Brown should just close it down. It is irrelevant.
Newsweek’s “Turn of the Page” Means “30″ for Some Staff
By Joseph B. White
The announcement by Newsweek Daily Beast Co. editor-in-chief Tina Brown and CEO Baba Shetty that the venerable weekly news magazine will shutter its dead trees edition is also a pink slip.
As with nearly all corporate news releases, you need to read this one from the bottom to get the news. Here’s a key line from the next to last paragraph:
“Regrettably we anticipate staff reductions and the streamlining of our editorial and business operations both here in the U.S. and internationally.”
In other words, it’s “30″ for some of Newsweek’s employees — the code old-school newsies use to indicate the end of a story, or the end of a stint at a publication. NewsBeast evidently hasn’t figured out how to go all-digital and maintain the same level of revenue, or the same journalism cost structure.