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Newsweek Plans Return to Print (NYT)
Newsweek, the struggling weekly magazine that ceased print publication last year, plans to turn the presses back on. The magazine expects to begin a 64-page weekly edition in January or February, said Jim Impoco, Newsweek’s editor-in-chief. Impoco said in an interview that Newsweek would depend more heavily on subscribers than advertisers to pay its bills — and that readers would pay more than in the past. “It’s going to be a more subscription-based model, closer to what The Economist is compared to what Time magazine is,” Impoco said. CNNMoney The announcement is a remarkable twist in Newsweek’s evolution, coming less than a year after its previous owner, IAC, stopped printing the magazine. The brand was basically left for dead — but now the cover of IAC’s final edition, with the phrase “#LastPrintIssue” rendered as a Twitter hashtag, seems decidedly premature. TheWrap The magazine, which had published weekly since 1933, ran what was expected to be its last print issue on Dec. 31, 2012. Politico / Dylan Byers on Media Newsweek’s ride the past few years has been anything but easy. The Washington Post Company sold the magazine to Sidney Harman for $1 plus liabilities in 2010, upon which Harman joined forces with Tina Brown’s former online publication, The Daily Beast, which is owned by Barry Diller’s IAC/InterActiveCorp. Despite generating some controversy, Brown was never able to bring the magazine back to life. After the print edition folded at the end of 2012, top staff started heading for the exits. Adweek The move runs counter to prevailing print media trends. This week, weekly New York magazine announced it would cut back to a biweekly frequency; other weeklies have generally curtailed their publication schedules over the years amid shrinking print revenue and soaring paper and postage costs.