'Newsweek' to Shutter U.S. Print Edition After 79 Years

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After 79 years in print,Newsweek will go digital-only in 2013. The newsweekly, whichmerged withThe Daily Beast two years ago, will publish its last print edition in the U.S. on Dec. 31. Layoffs, both inNewsweek's U.S. and international offices, will ensue, Tina Brown, editor-inchief of The Newsweek Daily Beast Company, said in a notepublished on TheDailyBeast.com. Newsweek will re-emerge next year asNewsweek Global, a digital-only publication targeted at a 'highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context,' per Brown's description. It will be available online, and through tablets and e-readers with a paid subscription. Brown cited 'the challenging print advertising environment' as the reason for the change. Online ad spending isset to surpass print for the first time this year, according to estimates from eMarketer. Online advertising is expected to generate $39.5 billion in sales this year - a 23.3252 0importance2520being2520Importance2520Being2520summit2520Summit2520cashmore2520 Cashmore2520summit2520Summit2520facebook2520features2520for2520Facebook2520Feat ures2520For2520illustrated2520Illustrated25203' src='http://rack.0.mshcdn.com/media/ZgkyMD EyLzEyLzA2Lzc3L1Njcm9sbE1vdGlvLjRxQS5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/ e1525ff7/dd0/ScrollMotion25205' src='http://rack.1.mshcdn.com/media/ZgkyMDEyLzEyLzA2Lz VkL1RWR3VpZGUuY29tLjRxQS5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/76d87e5d/8b d/TVGuide.com25209' src='http://rack.0.mshcdn.com/media/ZgkyMDEyLzEyLzA0LzVkL1RWR3 VpZGUuY29tLmF6ay5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/0756ce9e/38a/TVGuide. com2520a25201' src='http://rack.2.mshcdn.com/media/ZgkyMDEyLzEyLzA2LzUxL0xpa2UyME EyMFZpLjRxei5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/bb0383c5/f7c/Like2520Virgin2 520a25202' src='http://rack.2.mshcdn.com/media/ZgkyMDEyLzEyLzA2LzUxL0xpa2UyMEEyMF ZpLjRxel82OWxmMi5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/9af2e28d/5ec/Like2520Vi rgin2520haile25205' src='http://rack.3.mshcdn.com/media/ZgkyMDEyLzEyLzA2L2M5L1Rvbnky MEhhaWxlLjRxQi5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/de2edfdb/2fd/Tony2520Cha rtbeat2520ostrow25202' src='http://rack.3.mshcdn.com/media/ZgkyMDEyLzEyLzA2LzI4L0FkY W0yME9zdHJvLjRxei5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/225ede09/042/Adam25 20announcement2520importance2520being25201' src='http://rack.3.mshcdn.com/media/ZgkyM DEyLzEyLzA2L2I0L1RoZTIwSW1wb3J0LjRxQS5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZ w/d99ce2b3/d32/The2520of2520Awesome2520will' src='http://rack.2.mshcdn.com/media/Zgky MDEyLzEyLzA2Lzc4L1lvdTIwV2lsbC40cUMuanBnCnAJdGh1bWIJODUweDg1MD4KZQlqcGc/ a895b44b/964/You2520summit2520Summit2520one2520one' src='http://rack.3.mshcdn.com/m edia/ZgkyMDEyLzEyLzA0L2NmL1RlY2gyME9uZTIwLmF6ay5qcGcKcAl0aHVtYgk4NTB4ODUw PgplCWpwZw/ed34d778/087/Tech2520on2520new2520of2520and25202' src='http://rack.1.ms hcdn.com/media/ZgkyMDEyLzEyLzA0L2I2L1RoZTIwTmV3MjBNLmF6ay5qcGcKcAl0aHVtYgk4 NTB4ODUwPgplCWpwZw/32753f0e/5f0/The2520Model2520Content2520Commerce2520new2 520of2520and2520New2520of2520and2520future2520social2520Future2520Social2520future 2520social25202' src='http://rack.2.mshcdn.com/media/ZgkyMDEyLzEyLzA2LzE4L1RoZTIwRn V0dXJlLjRxQS5qcGcKcAl0aHVtYgk4NTB4ODUwPgplCWpwZw/e3c81050/f33/The2520of2520

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Read more:http://mashable.com/2012/10/18/newsweek-shutters-print/ 'Newsweek' to Shutter U.S. Print Edition After 79 Years

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