Newsweek kills its print edition

Tina Brown announces this morning that the last print edition of Newsweek will be the Dec. 31 issue. The magazine will continue online as Newsweek Global, “a single, worldwide edition targeted for a highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context.”

Tina Brown and Newsweek CEO Baba Shetty write:

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. …

The inexorable move to an all-digital Newsweek comes with an unfortunate reality. Regrettably we anticipate staff reductions and the streamlining of our editorial and business operations both here in the United States and internationally.

The move isn’t surprising, as IAC chief Barry Diller told analysts in July after being asked about Newsweek going online-only: “I’m not saying it will happen totally. But the transition to online from hard print will take place. We’re examining all of our options.”

Brown followed up with a staff memo that said Diller “would like to make it clear that he did not say on the earnings call as reported that Newsweek is going digital in September.” The memo, with the subject line “Scaremongering,” added: “In September we would be evolving our plan for the year ’13, with many options to choose from.”

A Newsweek staffer tells David Carr this morning that “our offices have been filled with consultants running around with lists of people, so we knew something was about to happen.”

* A turn of the page for Newsweek (thedailybeast) | Brown’s Oct. 18 memo to staff
* Newsweek will cease publication at the end of the year (
* July 25: Diller says Newsweek may go web-only (
* Aug. 7: OK, Barry Diller, you can kill the print edition now (
* Michael Wolff in 2008: “If Newsweek is around in five years, I’ll buy you dinner” (
* Aug. 23: What print magazines do you miss the most? (