Newsweek, the weekly news magazine that debuted February 17, 1933, will publish its final hard copy edition at the end of this year — December 31, 2012 — after 80 years of publication. The periodical known for a decided liberal bias, had to face the fact, as newspapers are, that print publications are dealing in obsolete news, competing with instant information available online. Staying current is impossible when lag time is not just hours, but days.
The magazine has been dying a slow death for several years, and it’s subscription base responded by fleeing the terminally ill dinosaur. After hemorrhaging $ millions, being put up for sale and laying off staff, Newsweek merged with the far-left online publication The Daily Beast in 2010.
Previously focused on world affairs, politics and business, it has morphed into a pop culture haven, losing its readership desirous of the cutting edge news and analysis impossible to find in a weekly publication. A new digital version will be named Newsweek Global
Ad Age prints a guide to magazines that have ceased to exist. They call it “our continuing farewell to magazines that quit print under pressure from the recession and digital media.”
The University of Southern California Annenberg School’s Center for the Digital Future predicts the end of days for most newspapers papers will be 2017.
“Circulation of print newspapers continues to plummet, and we believe that the only print newspapers that will survive will be at the extremes of the medium — the largest and the smallest,” said Jeffrey Cole, the Center‘s Director. “It’s likely that only four major daily newspapers will continue in print form: The New York Times, USA Today, the Washington Post, and the Wall Street Journal. At the other extreme, local weekly newspapers may still survive.”
We’re betting the soft plop of the Periódico de la República de Arizona (Arizona Republic) will be stilled from the few driveways it still hits, before 2017.