The Washington Post Company announced yesterday that Newsweek magazine is for sale.
Long one of the two leading U.S. weekly news magazines (with Time, its longtime rival, and trailed by U.S. News and World Report, now a monthly), Newsweek was first published in 1933 and was acquired by the Washington Post Company in 1961.
The magazine has faced mounting operating losses and declining revenue, while circulation has fallen from 3.14 million in the first half of 2000 to 1.97 million in the second half of last year, reports the New York Times. It received a major makeover one year ago this month.
Also quoted in the Times: Charles Whitaker of the Northwestern University school of Journalism, who says, "The era of mass is over." There would be good and bad in that....
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Original contents copyright 2010 by Michael C. Johnston and/or the bylined author. All Rights Reserved.
Featured Comment by Poagao: "Ah, this explains why I've been able to get so many photos published in Time and The New Yorker lately. I haven't come up in the world; they've just come down."
Mike replies: I don't know about that. You're good. Have you really had pictures in Time and The New Yorker?