Newsweek says it will eventually drop print and go online only. Why can’t Newsweek just go away entirely?
According IAC/InterActive Corp, the parent company of Newsweek, the 79 year old magazine will eventually be completely moving away from having a print edition to be online or digital only. But what else will doctors use to fill up the tables in waiting rooms? Oh right… Time or Highlights.
The New York-based company made the announcement during its quarterly earnings conference call today, saying it would curb investments in the money-losing business.
Submitted by InformationDesk