Media icon Newsweek has decided to cease printing and convert to an all-digital format. Its last edition will be on Dec. 31, 2012.
Founded 80 years-ago, Newsweek was once one of the nation's top-selling news weekly publications. However, it has seen a significant drop in audience – 51 percent since 2007 – and a resulting decline in advertising revenue.
Perhaps this shouldn’t come as a surprise though. The Internet, blogs, social media and mobile technology have fundamentally changed the way that we secure, consume, publish and interact with news, opinion and analysis.
Personally, I hope that Newsweek remains an influential source of news and analysis. In today’s communication environment, we need the insight and professionalism that legacy media like Newsweek provide. For more, read the full Philadelphia Inquirer article.