Newsweek will eventually transition to an online publication, owner IAC/InterActiveCorp (IACI) said today, marking the beginning of the end for the magazine’s 79-year run as a print weekly.If they had continued to be the Newsweek that I bought religiously in Saigon instead of the .gov mouth of today, this might not have been necessary. Good riddance to bad rubbish.
IAC Chairman Barry Diller made the announcement during a quarterly earnings conference call, saying the New York-based company aims to curb investments in the money-losing business. Still, he stopped short of saying it would be a “total” shift to the Internet.
“The transition to online from hard print will take place,” Diller said. “We’re examining all of our options.”
More @ NewsMax
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