For anyone who thought things were getting better for traditional media outlets this is sobering news. After almost 80 years as a print magazine Newsweek will cease its print publication at the end of this year (here). Even after picking up the venerable magazine for one dollar in 2010 IAC could not stem $40,000,000 in losses. NYT blog post about it here.
Stephen Alvarez
Sewanee, TN

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