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Washington Post Co. Trying To Sell Money-Losing Newsweek

May 5, 2010 by B. Daniel Blatt

Notice anything missing from this AP article on the possible sale of Newsweek, once a news magazine?

The Washington Post Co. is putting Newsweek up for sale in hopes that another owner can figure out how to stem losses at the 77-year-old weekly magazine.

While magazines in general have struggled with steep declines in advertising revenue because of the recession, news magazines such as Newsweek face the added pressures from up-to-the-second online news. Once handy digests of the week’s events, they have been assailed by competitors on the Web that pump out a constant stream of news and commentary.

The AP doesn’t mention that the magazine made a hard turn to the left in recent years what they call undergoing “a top-to-bottom redesign”.   Seems Newsweek‘s editors strategy to appeal to a niche market on the left has not paid off.

Filed Under: Media Bias, New Media

Comments

  1. ThatGayConservative says

    May 5, 2010 at 12:24 pm - May 5, 2010

    Wasn’t it Newsweek who think it’s possible to flush a Koran? Nuff said.

  2. V the K says

    May 5, 2010 at 12:36 pm - May 5, 2010

    So, Newsweek’s editorial decision to become a one-note, pro-Obama propaganda rag (Complete with the managing editor’s comment that “Obama is like God”) didn’t pay off the dividends they had hoped for?

    Who’d a thunk?

  3. Ted B. (Charging Rhino) says

    May 5, 2010 at 12:58 pm - May 5, 2010

    Newsweek doesn’t need a top-to-bottom redesign, it needs a front-to-back page reimagining….

    I just received this week’s issue, and it’s so-thin that it’s practically-transparent when held up to the light. And much of the editorial-content I’ve already read on-line. And Time magazine is just as bad in that respect….

    We used to get both by home-subscrition. We’re not renewing either this time, around adding to a long-line a news-magazines no-longer subscribed-to.

  4. Lawrence Person says

    May 5, 2010 at 2:32 pm - May 5, 2010

    Given the Newsweek news, I’ve put up an online poll to see which left-wing media outlet people hope goes out of business first:

    http://www.battleswarmblog.com/?p=1206

  5. Sean A says

    May 7, 2010 at 12:20 pm - May 7, 2010

    Jeez. You use photoshop to add halos to a few cover shots of a presidential candidate and suddenly you’re “biased.” Right-wingers need to lighten up. Whatever happened to freedom of the press? This is McCarthyism all over again.

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