Newsweek Has Been a Magazine That Has Been Around for Many Years

Published on March 2017 | Categories: Documents | Downloads: 77 | Comments: 0 | Views: 549
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Newsweek has been a magazine that has been around for many years, but the last print edition of Newsweek will be printed in December. Newsweek is a magazine that is produced weekly in New York City. It is issued throughout the world and is the secondlargest weekly news magazine in the United States, right behind Time. Newsweek’s depart from its 79 years in the print world will leave “Time” magazine standing on its own against their competitor, ‘US News & World Report,’ “which was launched the same year as ‘Newsweek’, published its last print issue two years ago,’” according to Newspaper Death Watch. It’s no shock to anybody that “Newsweek” is going digital. The magazine “has bounced around between different owners for two years.” It has been owned by the Washington Post Company, which sold Newsweek “for $1 in 2010 to 92-year-old stereo equipment magnate, Sidney Harman, who promptly died.” However, before Harman died, “he placed the magazine into a joint venture with Barry Diller’s InterActiveCorp, where it became a sibling to The Daily Beast in an awkwardly titled business unit called The Newsweek Daily Beast Company,” said “Newspaper Death Watch.” By the time this company formed, circulation collapsed from “over 3 million to 1.4 million” A joint venture is “a general partnership typically formed to undertake a particular business transaction or project and is intended to exist for a limited time period,” according to ‘US Legal.’ “Two or more ‘parent’ companies agree to share capital, technology, human resources, risks and rewards in a formation of a new entity under shared control.” Editor at the time, Tina Brown made an effort to entice the audience of Newsweek magazine by using the provocative approach. In July 2011, Newsweek had a “cover depicting what Princess Diana would have looked like at age 50, but some media observers thought the racier fare was out-of-step with the magazine’s buttoned-down tradition.” Brown, Diana’s biographer and longtime provocateur, was the one who wrote the article based on the cover about how Princess Diana looks at age 50 and a picture of Kate Middleton, according to Time Free Press. Brown also said “We wanted to bring the memory of Diana alive in a vivid image that transcends

time and reflects my piece.” There were also other things about Princess Diana that were in the issue. This issue featured “An imagined Diana Facebook page and a slideshow comparing the fashion styles of Diana and Middleton, who married Diana’s oldest child, Prince William, in April, according to Time Free Press. Samir Husni, director of the Magazine Innovation Center at the University of Mississippi School of Journalism, felt that “Newsweek committed suicide,” said ‘Newspaper Death Watch.’ Diller, according to The New York Times’ Media Decoder Blog, “With only 500 pages of print advertising this year, ‘It became completely self-evident that we couldn’t print the magazine anymore,’” according to “Newspaper Death Watch.’ “Newsweek will actually continue to live in print through a handful of overseas licenses, but U.S. subscribers will next year find it replaced by the all-digital Newsweek Global, with a single, worldwide edition that requires a paid subscription.”

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