After 80 years in print, the news weekly magazine will move to an all-digital format starting in January 2013. Its final print edition will be its Dec. 31 issue.
Tina Brown, the editor-in-chief of The Daily Beast and Newsweek, announced the news this morning on TheDailyBeast.com. The story was co-authored by Baba Shetty, the newly appointed CEO of the company.
“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 and Shetty wrote. “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 will become Newsweek Global, which “will be supported by paid subscription and will be available through e-readers for both tablet and the Web, with select content available on The Daily Beast.”