Newsweek's last print magazine issue in the United States will be the December 31 edition

After nearly 80 years of print, Newsweek announced that it is going all-digital at the beginning of 2013.

Newsweek, a New York City-based magazine that launched in 1933, has run into the same troubles that many print newspapers and magazines have: costs associated with print publishing and distribution.

For these reasons, Newsweek's last print magazine issue in the United States will be the December 31 edition. Starting January 1, 2013, Newsweek will be all-digital (and this includes The Daily Beast, a liberal American news reporting and opinion site owned by Newsweek). It will even receive a new name in honor of the digital transformation: Newsweek Global.

Despite print publishing issues, Newsweek noted that it has seen significant growth in mobile readers who are using devices like smartphones and tablets to access the Newsweek website and The Daily Beast. According to The Daily Beast, its website attracts 15 million unique users per month, which is a 70 percent increase from last year. Also, current statistics look promising for those looking to go all-digital: the number of tablet users in the United States is expected to surpass 70 million by the end of 2012, and currently, 39 percent of Americans say they receive their news on the Internet.

Newsweek and The Daily Beast hope to make their mobile experiences top-notch for readers, and look forward to an increased presence on mobile devices as that market continues to surge. 

"It is important to underscore what this digital transition means and, as importantly, what it does not," said Tina Brown, editor-in-chief of Newsweek and The Daily Beast, and Baba Shetty, Newsweek's CEO. "We are transitioning Newsweek, not saying goodbye to it. We remain committed to Newsweek and to the journalism that it represents. This decision is not about the quality of the brand or the journalism -- that is as powerful as ever. It is about the challenging economics of print publishing and distribution.

"Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night. But as we head for the 80th anniversary of Newsweek next year we must sustain the journalism that gives the magazine its purpose -- and embrace the all-digital future."

Source: The Daily Beast

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