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.