News Summary: Newsweek had unique troubles
Published: October 19, 2012
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THE DEVELOPMENT: Newsweek decided to stop publishing a print edition after 80 years and bet its life entirely on a digital future.
INDUSTRY TRENDS: By several measures, the magazine business has stabilized, albeit at a lower level. Paid magazine subscriptions were up 1.1 percent in the first half of the year. U.S. magazine ad revenue, including digital, is seen rising 2.6 percent this year, according to research firm eMarketer.
A copy of Newsweek is seen at Joe's Smoke, Thursday, Oct. 18, 2012, in Portland, Maine. Newsweek announced Thursday, Oct. 18, 2012 that it will end its print publication after 80 years and shift to an all-digital format in early 2013. Its last U.S. print edition will be its Dec. 31 issue. The paper version of Newsweek is the latest casualty of a changing world where readers get more of their information from websites, tablets and smartphones. (AP Photo/Robert F. Bukaty)
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THE CONCLUSION: Analysts say that given those trends, Newsweek's decision is an indication of its unique troubles.
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