Newsweek to Dump Print Edition at End of Year
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Many observers point to the proliferation of online alternatives to paper-based newsweekly publications—Websites, tablets, smart phones. Add rising production costs to an intolerance of week-old, printed news, and the decision became clear for parent company The Newsweek Daily Beast.
"In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format," the company said on its Website, attributed to Editor-in-Chief Tina Brown and CEO Baba Shetty.
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