Newsweek, which is printed by Sussex-based Quad/Graphics Inc., will become an online-only publication next year, ending 80 years as a printed magazine.
A spokeswoman from Quad/Graphics was not available to comment about the impact of Newsweek’s decision on the company.
The last print edition in the United States will be the Dec. 31 issue, Tina Brown, editor-in-chief and founder of The Newsweek Daily Beast Company, said today.
The all-digital publication, to be called Newsweek Global, will require subscriptions and will be available on tablet computers and on the Internet, Brown said.
“Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night,” Brown said. “But as we head for the 80th anniversary of Newsweek next year we must sustain the journalism that gives the magazine its purpose and embrace the all-digital future.”
Newsweek merged with IAC/InterActiveCorp (IACI)’s Daily Beast website last year. The magazine will lose as much as $22 million this year.
Newsweek’s circulation has dropped to about 1.5 million from about 4 million a decade ago, according to the Audit Board of Circulations.
Currently, 39 percent of Americans say they get their news from an online source, according to a Pew Research Center study released last month.
