Sinking Ship, Newsweek for Sale
After taking tens of millions of dollars in losses over the past two years, The Washington Post Company has put Newsweek up for sale which, along with Time, once defined the nation’s conversation about events foreign and domestic. The attempt to sell the magazine confirms many trends of our current media environment, among them: the news cycle is no longer than a week and many readers (and therefore advertisers) prefer niche publications over catch-all ones like Newsweek.
Newsweek’s current circulation is at its 1966 levels when what appeared on its cover mattered, when it defined what America was talking about. Indeed ten years earlier, its direct competitor, Time, made its way into Allen Ginsberg’s touching and equally funny poem America. In it, he confesses an unhealthy obsession to Time Magazine, reading it every week in the basement of the Berkeley Public Library. But if you haven’t picked up a Time or Newsweek lately, you’re not the only one.
Under both magazines’ original publishing models, copies would be printed on Monday to tell the nation what had happened the week prior. Now that everyone can know what is happening all the time, Newsweek and Time are searching for relevancy. As part of the search, Time moved its printing deadline three days ahead to Friday instead of Monday (Newsweek did not), but still, readers are drawn more and more to publications that cover a narrow interest with more depth and more immediacy.
When the editor of Newsweek, Jon Meacham, recently appeared on The Daily Show with Jon Stewart to give his opinion of the (attempted) sale of his magazine and the future of news generally, he specified that Newsweek would begin concentrating on online news and then aggregate and print the week’s online content for people who “want to hold the magazine in their hands”. Meacham is convinced that those people still exist, and he’s got the Pulitzer, but still, it seems like Meacham’s brand of reader is nostalgic for a more pensive news cycle. And, yes, print is nice, but enough with the longing already.
In any case, you needn’t cry for Meacham. Tonight he debuts as the host of PBS’s new TV news magazine Need to Know, where, thanks to the network’s audience, he can take that long walk around the block which his reporting deserves.
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
A completely unexpected discovery beneath the ice.
- Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
- The creatures' origin is unknown, and further study is ongoing.
- Biology speaks up about Antarctica's history.
Eight-dimensional octonions may hold the clues to solve fundamental mysteries.
- Physicists discover complex numbers called octonions that work in 8 dimensions.
- The numbers have been found linked to fundamental forces of reality.
- Understanding octonions can lead to a new model of physics.
It's one factor that can help explain the religiosity gap.
- Sociologists have long observed a gap between the religiosity of men and women.
- A recent study used data from several national surveys to compare religiosity, risk-taking preferences and demographic information among more than 20,000 American adolescents.
- The results suggest that risk-taking preferences might partly explain the gender differences in religiosity.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.