Newsweek goes all-digital: a sign of things to come?

Actually, I think it is a sign of things as they already are, and will continue to be; from The Daily Beast:

We are announcing this morning an important development at Newsweek and The Daily Beast. Newsweek will transition to an all-digital format in early 2013. As part of this transition, the last print edition in the United States will be our Dec. 31 issue.

Meanwhile, Newsweek will expand its rapidly growing tablet and online presence, as well as its successful global partnerships and events business. …

At the same time, our business has been increasingly affected by the challenging print advertising environment, while Newsweek’s online and e-reader content has built a rapidly growing audience through the Apple, Kindle, Zinio and Nook stores as well as on The Daily Beast. Tablet-use has grown rapidly among our readers and with it the opportunity to sustain editorial excellence through swift, easy digital distribution—a superb global platform for our award-winning journalism. By year’s end, tablet users in the United States alone are expected to exceed 70 million, up from 13 million just two years ago.

Currently, 39 percent of Americans say they get their news from an online source, according to a Pew Research Center study released last month. In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format. This was not the case just two years ago. It will increasingly be the case in the years ahead.

Read the entire piece. Operating a monthly print news magazine, such as CWR (until this year), or even a weekly news magazine, makes little sense, financially and otherwise, in a world where news is available instantly (or nearly instantly) on the internet. It is, however, a different animal than books, which still have a quality of permanence (well, at least the good ones), something a weekly or even monthly news magazines simply do not possess, no matter how good the product. I’ve had a Kindle for two years and use it only occasionally. Perhaps I’m in the minority. Time will tell.
About Carl E. Olson 1055 Articles

Carl E. Olson is editor of Catholic World Report and Ignatius Insight. He is the author of Did Jesus Really Rise from the Dead?, Will Catholics Be “Left Behind”, co-editor/contributor to Called To Be the Children of God, co-author of The Da Vinci Hoax (Ignatius), and author of the “Catholicism” and “Priest Prophet King” Study Guides for Word on Fire. He is also a contributor to “Our Sunday Visitor” newspaper, “The Catholic Answer” magazine, “The Catholic Herald”, “National Catholic Register”, “Chronicles”, and other publications.