In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format. This was not the case just two years ago. It will increasingly be the case in the years ahead.
It is important that we underscore what this digital transition means and, as importantly, what it does not. We are transitioning Newsweek, not saying goodbye to it. We remain committed to Newsweek and to the journalism that it represents. This decision is not about the quality of the brand or the journalism—that is as powerful as ever. It is about the challenging economics of print publishing and distribution.
"It’d go off the newsstands in a week if they printed the real truth … [like] a plain picture … a tramp vomiting, man, in the sewer.
And next door to the picture, Mr. Rockefeller … Just make some kind of collage, which they don’t do.
There’s no ideas at Time magazine.”