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Offline Baruch Menachem

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Will Newsweek fold this year?
« on: December 08, 2009, 04:31:41 PM »
10 brands that won't be around next year

Companies come and go, and some famous ones fold every year. 

Newsweek has been in the tank for 0bama, so if Henry Waxman got his way and made it into a house organ of the DNC, it couldn't be any more slavish in its devotion.  But the brand has taken  a huge hit these last two years.


Of course, Newsweek never has been remotely fair to conservatives.  So its North Korean style Journalism re 0bama can't be blamed on its demise.   But it is amazing how fast the beast is dying this year.


Quote
Newsweek. The magazine already has slashed its rate base (circulation guaranteed to advertisers) from 3.1 million to 2.5 million. It has announced further cuts that will take this figure to 1.5 million early next year. The New York Times reported that Newsweek’s advertising fell 29.9% through the first three quarters of 2009. According to the 10-Q for The Washington Post Company (NYSE:WPO), Newsweek ad revenue plunged 47% in the third quarter from the year before. The magazine has lost almost $30 million so far this year. Newsweek had hoped to transform itself into a poor man’s version of the Economist and has largely dropped covering breaking news and reviews of the big stories of the week. The change in the editorial direction of Newsweek may have been the right thing to do, but it came much too late. Newsweek, like many other print products, hopes to rely on internet readership and advertising to improve its fortunes. Audience measurement firm Compete indicates that the audience of Newsweek.com has dropped 15% in the last year to 1.3 million unique visitors a month in October. Audience research firm comScore shows an even sharper decline. That is, by itself, an important indication that the public has not been attracted to the “new” Newsweek. The Washington Post has enough trouble with fixing problems at its flagship paper. Its online news and commentary  magazine, Slate.com, had more than 3.8 million visitors in October. Slate has none of the legacy print costs of Newsweek.
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Offline thundley4

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Re: Will Newsweek fold this year?
« Reply #1 on: December 08, 2009, 04:34:47 PM »
I'm sure that this administration has a plan to include Newsweak in their bailout of newspapers, and minority owned radio and TV stations.
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Offline bkg

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Re: Will Newsweek fold this year?
« Reply #2 on: December 08, 2009, 04:36:46 PM »
Quote from: thundley4 on December 08, 2009, 04:34:47 PM
I'm sure that this administration has a plan to include Newsweak in their bailout of newspapers, and minority owned radio and TV stations.

this.
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Offline Eupher

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Re: Will Newsweek fold this year?
« Reply #3 on: December 08, 2009, 04:36:47 PM »
Quote from: thundley4 on December 08, 2009, 04:34:47 PM
I'm sure that this administration has a plan to include Newsweak in their bailout of newspapers, and minority owned radio and TV stations.

Correct. Because Evan Thomas and his ilk are "too big" to allow to FAIL.
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Offline Hawkgirl

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Re: Will Newsweek fold this year?
« Reply #4 on: December 08, 2009, 04:44:00 PM »
I suspect it will fall...not so much for it's content...but for it's uselessness...who needs a week  old news when you can get up to the second news from a varied number of sources on the internet...
« Last Edit: December 08, 2009, 05:06:05 PM by Hawkgirl »
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Offline thundley4

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Re: Will Newsweek fold this year?
« Reply #5 on: December 08, 2009, 04:56:54 PM »
Quote from: Hawkgirl on December 08, 2009, 04:44:00 PM
I suspect it will fall...not so much for it's content...but for it's uselessness...who needs a week  old news when you can get up to the second news for a varied number of sources from the internet...


Lord Zero needs his proxy news outlets like Newsweak, at least until he takes control of teh innerwebz.
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Offline Baruch Menachem

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Re: Will Newsweek fold this year?
« Reply #6 on: December 08, 2009, 05:50:35 PM »
I actually used to subscribe to it, back in the day.  It is one of the reasons I am as conservative as I am, as they used to have an article by Milton Friedman alternating with Paul Samuelson.  Milton was way better as a writer than Samuelson.  A lot more convincing too.
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Offline Chris

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Re: Will Newsweek fold this year?
« Reply #7 on: December 08, 2009, 05:56:05 PM »
If Newsweek goes down, does that mean Elanor Clift won't have an excuse to be on the McLaughlin Group every Sunday?  That woman is insufferable.
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Offline Oceander

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Re: Will Newsweek fold this year?
« Reply #8 on: December 08, 2009, 06:24:11 PM »
We can only hope - maybe we should all go out to the Malls and ask Santa for this for Christmas?
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