NEW YORK — Newsweek plans to end its print publication after 80 years and will shift to an all-digital format aimed at online users starting in early 2013. Job cuts are expected.
Newsweek’s last U.S. print edition will be its Dec. 31 issue.
Newsweek’s decision does not come as a complete surprise. Barry Diller, the head of the company that owns Newsweek, announced in July that the publication was examining its future as a weekly print magazine.
The announcement of the change was made by Tina Brown, editor-in-chief and founder of The Newsweek Daily Beast Co., on The Daily Beast website Thursday.
“In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format,” she said.
Brown said staff cuts are expected, but didn’t give a specific figure.
She said that the online publication will be called Newsweek Global and will be a single, worldwide edition that requires a paid subscription.