Posted by Mark J. Miller on December 4, 2013 12:36 PM
After 80 years of printing, Newsweek announced last October that it would be going all-digital—a move that proved detrimental to the venerable brand. So now, nearly a year since it merged with Tina Brown's Daily Beast, Newsweek will be returning to print, albeit in a bit of a different form.
According to the New York Times, the company will begin printing a 64-page weekly print product in January or February. The 'new' Newsweek won't be as dependent on ad dollars, though.
“It’s going to be a more subscription-based model, closer to what The Economist is compared to what Time magazine is,” Newsweek Editor in Chief Jim Impoco told the Times. “We see it as a premium product, a boutique product.” In other words, suscription fees will make up for the product's lack of ad pages.Continue reading...
Posted by Sheila Shayon on September 12, 2013 03:52 PM
The second wheel just fell off the Newsweek/The Daily Beast wagon as Editor in Chief Tina Brown has announced she's leaving to start her own events company.
Her successful stewardship of Vanity Fair and The New Yorker was not replicated in her run with Barry Diller’s InterActiveCorp, who she partnered with in 2008 to found The Daily Beast.
Her new venture, Tina Brown Live Media, will focus on building the Women in the World conference brand that she has run for several years with Diller's wife, Diane von Furstenberg, and Meryl Streep. It “is really a marriage of her commitment to journalism and story telling, its going to be really event orientated," according to a source, Slate reports.
Though now, the future of The Daily Beast is less clear, with Diller already floating the idea of a sale—or worse, a shutdown.Continue reading...
Posted by Sheila Shayon on September 2, 2013 03:25 PM
Newsweek has been dying a slow, painful death now for years, but a pair of thirty-something media magnates think they have what it takes to salvage the venerable brand.
Etienne Uzac, CEO of IBT Media, and his business partner, Jonathan Davis, “aspire to leadership of the digital media revolution,” according to CNN. The pair is already well on their way as the owners and co-founders of the International Business Times, among the top .02 percent of global URLs with an audience of over 7 million in the US and 13 million worldwide. IBT Media’s portfolio includes 10 international online news properties such as Medical Daily, Latin Times and iDigitalTimes and publishes in seven languages.
After being sold multiple times, the latest owners acquired Newsweek from Barry Diller's IAC in early August, after a failed merger between The Daily Beast and the once-venerable weekly news magazine saw just about every last supporter abandon the brand.
Even though Diller called his acquisition of Newsweek a "mistake" in a recent interview with Bloomberg, Uzac sees potential beyond the US to grow the Newsweek brand internationally. "We plan on deepening the current relationships and potentially adding more global partners," he told Ad Age.Continue reading...
Posted by Sheila Shayon on October 18, 2012 11:39 AM
We are living at an pivotal moment in history as the dominance of words shifts from print to digital in the biggest change since Gutenberg’s press first made the word accessible to the masses in 1440. Newsweek is the latest victim and after 80 years in print, it's changing its name to Newsweek Global and its format to digital-only.
“Newsweek will transition to an all-digital format in early 2013. As part of this transition, the last print edition in the United States will be our Dec. 31 issue,” stated the official announcement from verteran magazine editor Tina Brown. The veteran magazine editor became editor-in-chief of Newsweek and sister digital news site the Daily Beast in Nov. 2010. The Washington Post had sold the title three months earlier to audio pioneer Sidney Harman for $1.00 and assumption of liabilities, with Brown coming on board as a result of Barry Diller's IAC taking an ownership stake.
Now, it's a new era for the brand, which has been undergoing restructuring since 2008. "We are transitioning Newsweek, not saying goodbye to it," said Brown in a memo to staff. "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."Continue reading...
Posted by Dale Buss on August 30, 2011 12:00 PM
The great hurricane of last weekend has left a mess in its wake. We're not talking about Irene -- this is all about the media coverage of the storm as Irene pulled a veni, vidi, vici act that was unparalleled in the annals of weather examination. And the mess it left? An unresolvable controversy over whether the hurricane coverage was all too much, or whether you never can have enough.
George Will dubbed it "synthetic hysteria," and Howard Kurtz of The Daily Beast made no bones. "Someone has to say it: cable news was utterly swept away by the notion that Irene would turn out to be Armageddon," Kurtz concluded. The Washington Post's former media critic wrote that "the tsunami of hype on this story was relentless, a Category 5 performance that was driven in large measure by ratings" because TV producers were afraid to switch away from 24x7 coverage of Irene. "Does anyone seriously believe the hurricane would have drawn the same level of coverage if it had been bearing down on, say, Ft. Lauderdale?" Continue reading...
Posted by Dale Buss on February 28, 2011 09:00 AM
The King's Speech won four Oscars including Best Picture at the Academy Awards last night, unseating early favorite The Social Network; click here for more coverage.
Apple's iPad 2 rumored to come in white as design guru Jony Ive may return to the UK.
Audi counts on accelerated sales in the US.
Baseball Hall of Famer Duke Snider dies.
Berkshire Hathaway is looking for “more major acquisitions,” Warren Buffett says.
Blackstone wins bidding for U.S. assets of Centro for $9.4 billion.Continue reading...