I never read it anyway.
"Money-losing Newsweek is for sale" by New York Times | May 6, 2010
NEW YORK — The Washington Post Co. is putting Newsweek magazine up for sale, raising questions about the publication’s future and whether the newsweekly format has a place in today’s media market....
If it lying MSM, nope.
Donald E. Graham, chief executive of the Post Co., said the decision was purely economic.
“Newsweek’s been a very important part of our company since the early 1960s — I did not want to do this, but it is a business,’’ he said. “We will lose money in 2010,’’ he said of Newsweek, though he declined to estimate how much, and “we don’t see a sustained path to profitability.’’
Related:
That's why you guys are cratering.
*******
Newsweek lost $28.1 million in 2009, compared with a loss of $15.4 million a year earlier.
Newsweek’s circulation has been on a downward trend. It was 3.14 million in 2000; by 2009, it was 1.97 million.
Also see: Globe, newspapers across US see circulation fall
Following in their footsteps.
--more--"
Related: The No-Day a Week Globe
Yeah, they are headed that way here.
