“Apparently, the offices of the title, which is owned by the Washington Post Company, are already emptying out. The company had a 33 percent drop in revenue for their magazine division in the most recent quarter, compared to the third quarter last year — but they attributed it publicly to losses in ad revenue at Newsweek.”
If the magazine does shutter, January’s issue may be its last: Our tipster adds that staff were in the midst of closing ad sales for February when “suddenly told to hold on the usually tight closing date.”
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