In a world turning digital all too fast, print media are growing obsolete and newspapers and magazines are gradually migrating to the all-digital realm. Many notable papers have taken the hit in the past and it’s time for the widely read magazine Newsweek to go down that path.
Due to the rather explosive growth of mobile devices in recent years, people find it more convenient to read news on their tablets and smartphones rather than buying the print editions. As a result, the readership of the print editions has subsided, and sustaining it has become hard for most media entities.
Notable newspapers and magazines are coping up with this situation by adjusting to the new digital era and introducing their own paywall-enabled websites and apps. The Daily Beast has now announced that the Newsweek magazine is also headed for the same destiny, and that the print edition of the magazine will be abrogated come December 31st.
The new all-digital version of the magazine will be termed as Newsweek Global and will be available as one, single edition for the readers worldwide. Of course, to keep the business profitable, paid subscriptions and apps will be made available for the tablet and smartphone users.
The Daily Beast already amasses a huge number of unique visitors per month, with the figure currently standing at 15 million. By launching the Newsweek as an all-digital magazine, the company will be able to command an even greater number of readers, something which will ease the financial troubles that may follow the abandoning of print edition.