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Newsweek will eventually transition to an online publication, owner IAC/InterActiveCorp (IACI) said today, marking the beginning of the end for the magazine’s 79-year run as a print weekly.
IAC Chairman Barry Diller made the announcement during a quarterly earnings conference call, saying the New York-based company aims to curb investments in the money-losing business. Still, he stopped short of saying it would be a “total” shift to the Internet.
Biodun Iginla, BBC News
Thursday, July 26, 2012
Breaking from bioduniginla@bbcnews.com: Newsweek Magazine to End Print Edition
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