Newsweek has just announced a few big changes. Jane Spencer, one of the founding editors of The Daily Beast, is leaving on a sabbatical, but will continue to contribute as International Editor at Large.

Deidre Depke, a one-time editor of Newsweek.com, is returning to the company to succeed Spencer as the site’s new Executive Editor. Depke rejoins Newsweek/The Daily Beast from The Week’s website.

Tom Watson has also been promoted to Managing Editor and Louise Roug, another former staffer, is coming back to serve as Foreign Editor. Roug begins next month.

Below is the full memo announcing the changes from Tina Brown:

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