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Newsweek Dies (Dinosaur Media DeathWatch™)
Newser.com ^ | December 12, 2009 | Michael Wolff

Posted on 12/29/2009 7:19:47 AM PST by abb

Less than a year ago, during yet another public discussion about the future of traditional media, I said that it seemed extremely unlikely that, for instance, Newsweek would last another five years, provoking guffaws among blogger types and stout denials from the magazine (i.e. a minor kerfuffle).

Newsweek and its parent, the Washington Post Co., announced yesterday a significant cut in its rate base, a further round of buyouts and layoffs, and a plan to make an already anorexic magazine even thinner. The Washington Post Co., for good measure, added its own bad news and bleak outlook.

My prediction about Newsweek seems to have been significantly optimistic (when I made it, I confess to thinking it was irresponsibly exaggerated). I would revise it now to two years: Sometime around the fourth quarter of next year, Newsweek will be shuttered (possibly there’s a phase where it goes bi-weekly, or even monthly).

The people at Newsweek and at the Washington Post Co. will be as adamant and dismissive about denying this as they were about my original assertion. And yet, they obviously can’t be certain they have a positive future (or any future).

All they can honestly say is that they are trying to find a way to go forward that will keep them in business, but they haven’t found it yet. Now, I am not sure that would be a good idea to say—it might further cause advertisers and readers to desert the magazine, and further demoralize the staff.

On the other hand, it might be this gap between putting on a good face and the stark reality of the present mess that is making people so much more desperate and crazy. Not that long ago, the covers of Newsweek and Time were among the most important individual pieces of media in the nation. Now they are irrelevant and unmentioned.

This decline and approaching death does not merely have to do with the present circumstance. The present circumstance (we have yet to coin a useful and evocative name for this terrible present circumstance) is really just the deus ex machina.

The weak and lingering will no longer be able to resist. But how do you confront this? How do you say to your colleagues and your customers, while we’re still here today, in all honesty we’re toast tomorrow?

Saying anything other than that is so obviously corporate baloney, as well as the natural human inability to face the abyss.


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; dbm; liberalmedia; magazines; msmdeathwatch; newsweak; newsweek; wp
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I agree with Wolff. The money just ain't there to float it any more.
1 posted on 12/29/2009 7:19:48 AM PST by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 12/29/2009 7:20:39 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Dies? Isn’t this a bit premature? It is still on the shelves.


3 posted on 12/29/2009 7:21:26 AM PST by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: abb

It’ll come from TARP. Just wait and see ...


4 posted on 12/29/2009 7:21:49 AM PST by bassmaner (Hey commies: I am a white male, and I am guilty of NOTHING! Sell your 'white guilt' elsewhere.)
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To: abb

Not one tear shed from me...was the first magazine subscription I got when I got out of college and the first one I canceled not long after.


5 posted on 12/29/2009 7:22:14 AM PST by MNlurker
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To: pnh102

Wolff gives it 18 months or so.


6 posted on 12/29/2009 7:22:44 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: pnh102

Just like LIFE magazine is “still around.”


7 posted on 12/29/2009 7:23:20 AM PST by Eric in the Ozarks (Impeachment !)
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To: abb
I believe that the Washington Post Company will drop Newsweek unless they can migrate it to the electronic magazine format and do it quickly.

This is where Time, Incorporated has an edge--they are already well on their way to doing this and we will see by fall 2010 most of their magazines in the electronic magazine format designed for devices like Apple's new tablet computer, devices like the new netbook that runs Chrome OS, or running on desktops/laptops using a free reader program.

8 posted on 12/29/2009 7:26:09 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: abb; Eric in the Ozarks

Call me a cynic. The New York Times has been “at death’s door” for years now and it still continues to exist. I won’t believe “death” until I see it.


9 posted on 12/29/2009 7:26:43 AM PST by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: abb

http://seekingalpha.com/article/180110-interview-author-ben-johnson-speaks-sam-zell-s-mind
Interview: Author Ben Johnson Speaks Sam Zell’s Mind


10 posted on 12/29/2009 7:27:56 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

No more covers of Obama? What will he do?


11 posted on 12/29/2009 7:28:07 AM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
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To: abb
Newsweek Newsweak. Good riddance of bad rubbish.

12 posted on 12/29/2009 7:30:32 AM PST by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: pnh102
Photobucket
13 posted on 12/29/2009 7:30:35 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: pnh102

What I meant to say was weekly Newsweek will die off but the masthead will never completely disappear. Time puts out a LIFE edition every year or so, aimed at the supermarket checkout trade. Washington Post will probably do the same.


14 posted on 12/29/2009 7:31:55 AM PST by Eric in the Ozarks (Impeachment !)
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To: abb
Like the buggy whip, steam engines and large radial aircraft engines, technology has made print news media's business model obsolete.

Remember, the purpose of any newspaper or magazine is to make money for the people who own the newspaper or magazine. Forget all the altruistic “truth, justice and the American way” BS. Media is about money. No readers, no reward.

It's the BUSINESS MODEL that is dead. No one is going to spend $ to cut down trees using gas powered chainsaws, spoil the landscape, drive the mods to the pulp mill, pollute everything in sight making paper (and create a horrible stench,) then drive the blank paper to a plant where they will put carcinogous ink on it, then drive it to your house, just so you can get a 6 hour to 6 day old far-left liberals' views of the world.

It's over.

It's not just that the fat Lady is getting ready to sing. She has sung, retired, and moved to St. Petersburg, where she plays canasta and shuffleboard, and lives with the long ceased-publication St. Petersburg Evening Independent.

15 posted on 12/29/2009 7:32:58 AM PST by MindBender26 (Obama is what you get when you let the O.J. jury selects a president !)
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To: abb
At last. Change I can believe in.

These organs of liberal agitprop cannot die fast or soon enough to please me. What sort of work are the unemployed journalists of these noisome rags fitted to do post-bankruptcy and collapse? Shoveling cattle manure comes to mind, but there's only a sprinkling of those jobs to go around.

And maybe we're cheering too soon. The Obamassiah has floated the possibility of tax breaks and subsidies to keep his tattered and decaying print media cheering section in bid'ness.

16 posted on 12/29/2009 7:33:51 AM PST by behzinlea
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To: abb

Time, Newsweek, US News & World Report, et al, will be on government life support soon, i.e. TARP or some other phony name to keep their fan club afloat. Freedom of the Press will be subjected to Freedom of the Purse. Print what I want to read or the money will stop. Works for the government better than for the people. The fourth estate is no longer the watchdog of government, but the lapdog. The lib commies will conjure up some penumbra to cover the cost of bailing out the presses like “Freedom of the Press Act of 2010”, then dole out the dollars to their now conjoined fellows at the helms of these formerly private publications. Freedom of the Pre$$, my A$$!...............


17 posted on 12/29/2009 7:34:15 AM PST by Red Badger (Obama - The first ever elected lame duck..............)
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To: stephenjohnbanker

Couldn’t happen to a nicer buch of elitist lying fawning white guilt media types.


18 posted on 12/29/2009 7:34:37 AM PST by easttennesseejohn
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To: abb
Not that long ago, the covers of Newsweek and Time were among the most important individual pieces of media in the nation. Now they are irrelevant and unmentioned.

Maybe that's the real reason they felt they had to put Sarah Palin and her beautiful legs on the cover. Pure sex appeal play to boost sales and stay alive. Demeaning her in a sexist way was just icing on the cake.

19 posted on 12/29/2009 7:36:42 AM PST by GenXFreedomFighter
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To: abb

And that great Conservative pundit Joe Scarborough has the Newsweak editor on his radio show every week. It’s the reason I gave up on Joe (one of many, really).


20 posted on 12/29/2009 7:37:20 AM PST by wtc911 ("How you gonna get down that hill?")
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To: abb

The Obama administration will find a way to keep them afloat. Newsweek, after all, is a valuable part of their propaganda machine.


21 posted on 12/29/2009 7:37:25 AM PST by billhilly
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To: RayChuang88
This is where Time, Incorporated has an edge—they are already well on their way to doing this and we will see by fall 2010 most of their magazines in the electronic magazine format designed for devices like Apple's new tablet computer, devices like the new netbook that runs Chrome OS, or running on desktops/laptops using a free reader program”

It's not the format that is the problem.
Its the abject, rampant, rabid liberal bias, 0bamabot bias , anti-Republican hate, anti-conserrvative hate, anti-Plain hate that is the problem.
It's irrelevant what format they put Newsweek or Time on, conservatives still won't buy it.
Meanwhile, the more objective Wall Street Journal actually registered an INCREASE in circulation this year, making it the largest circulation newspaper in the country, even in the midst of a recession.
Being an 0bamabot rent boy is bad for your ratings/circulation/financial health, no matter what format it comes in. That is why Fox News ratings have shot up this year, even as MSNBC and CNN have registered huge ratings collapse.

22 posted on 12/29/2009 7:37:36 AM PST by SmokingJoe
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To: MindBender26
No one is going to spend $ to cut down trees using gas powered chainsaws, spoil the landscape, drive the mods to the pulp mill, pollute everything in sight making paper (and create a horrible stench,) then drive the blank paper to a plant where they will put carcinogous ink on it, then drive it to your house, just so you can get a 6 hour to 6 day old far-left liberals' views of the world

LOL! There are a LOT of union employees lurking in or near that sentence.

23 posted on 12/29/2009 7:38:01 AM PST by behzinlea
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To: pnh102
“It is still on the shelves”

Ummm.. did you read the article at all?

24 posted on 12/29/2009 7:38:55 AM PST by SmokingJoe
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To: pnh102
Call me a cynic. The New York Times has been “at death’s door” for years now and it still continues to exist”

The New York Times continues to exist like a guy in a coma continues to exist.
Just getting fed, sleeping and breathing every day, while lying prone in bed is not what I'd call really living.

25 posted on 12/29/2009 7:41:39 AM PST by SmokingJoe
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To: bassmaner
It’ll come from TARP. Just wait and see ...”

And how is that “bailout” working out for General Motors then? No amount of TARP is going to save a bad business.
And what do they propose to do when we take over the Huose next year?

26 posted on 12/29/2009 7:44:52 AM PST by SmokingJoe
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To: abb

they should just revive Look (since the whole mag is nothing but pictures of Obama anyway)


27 posted on 12/29/2009 7:45:36 AM PST by Buckeye McFrog
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To: abb

WSJ, IBD, National Review, and American Spectator


28 posted on 12/29/2009 7:46:09 AM PST by reg45 (Be calm everyone. The idiot children are in charge!)
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To: easttennesseejohn

They can’t go under soon enough for me.


29 posted on 12/29/2009 7:46:28 AM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
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To: abb
As it continues its shift away from news gathering toward a more provocative, idea-driven editorial approach

In that case the name "Newsweek" is no longer appropriate.

How about something like "Spewsweek"?

30 posted on 12/29/2009 7:51:15 AM PST by catnipman (Cat Nipman: Made from The Right Stuff)
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To: abb
Quick, run another of these. That'll save you.


31 posted on 12/29/2009 7:51:20 AM PST by Sgt_Schultze (A half-truth is a complete lie)
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To: abb

bump


32 posted on 12/29/2009 7:55:58 AM PST by VOA
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To: abb
Newsweek could subtract anywhere from 500,000 to one million copies from its current guarantee of 2.6 million

Help meeeeeeeeeeeeeeeeeeee!
I'm shriiiiiiiiinkinggggggggg!
Help meeeeeeeeeeeeeeeeeeee!

33 posted on 12/29/2009 7:56:23 AM PST by catnipman (Cat Nipman: Made from The Right Stuff)
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To: stephenjohnbanker

Oprah will start sharing the cover of O Magazine with Obama.
But that might only last a few months, until her magazine folds too.It’ll be interesting, now that I think of it, to watch what happens to her magazine once her show no longer rules TVLand.


34 posted on 12/29/2009 7:58:31 AM PST by supremedoctrine
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To: pnh102
The New York Times lingering in its dotage may be a blessing in disguise.

The Times lost $.30 per share over the last 12 months. The longer the Times continues to consume the wealth of the silk stocking leisure class before it dies, the better off America will be.

35 posted on 12/29/2009 7:58:53 AM PST by Mr. Lucky
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To: Sgt_Schultze

Exactly!

Can’t imagine why anyone wouldn’t want to buy the Obama magazine. /s


36 posted on 12/29/2009 8:00:09 AM PST by kcvl
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To: abb

Washington just CAN’T let one of their propaganda organs die! They will breathe life back into it — from the massive slush funds or a new “media bailout package,” or something.... They MUST have herr Goebbels tools...


37 posted on 12/29/2009 8:00:54 AM PST by patriot preacher (To be a good American Citizen and a Christian IS NOT a contradiction. (www.mygration.blogspot.com))
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To: GenXFreedomFighter

“Pure sex appeal play to boost sales and stay alive”.
-——yeah, that’s probably the way they saw it , but it
turned out more like “killing two stones with one bird”,
as it backfired, and you can figure out who or what exactly who owned those “two stones”.


38 posted on 12/29/2009 8:03:38 AM PST by supremedoctrine
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To: abb
I'm glad to hear it...one more obama indocrination rag off the street.

Especially after the swipe they took at Sarah Palin a few times...I hope they enjoy their unemployment checks.

We should make it our duty to try our best to put any media in the garbage that slams Sarah or any other good conservative. It's all usually lies and propaganda, so they need to be shown what happens to left wing rags that deal in personal destruction of Conservatives.
39 posted on 12/29/2009 8:05:01 AM PST by FrankR (Time waits for no man...or man-child, including kenyans.)
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To: abb
Newsweek is not only mislabeled, it's just plain embarassing.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

40 posted on 12/29/2009 8:06:20 AM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: patriot preacher

Gosh, what will Fareed Zakaria do now?


41 posted on 12/29/2009 8:06:21 AM PST by jaydubya2
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To: Temple Owl

ping


42 posted on 12/29/2009 8:06:36 AM PST by Tribune7
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To: abb

As a clueless highschool student decades ago, both TIME and NEWSWEEK were my handy sources of footnote material for all kinds of “social studies” papers. They reigned supreme all through the 60s and 70s amongst those looking for just that kind of E-Z Guide to world realities. Even then they were crap. NOW, just replaying the words of Evan Thomas earlier this year, you can see how deeply they’ve fallen into that big steaming pile of crap they’ve made of themselves.


43 posted on 12/29/2009 8:07:38 AM PST by supremedoctrine
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To: Sgt_Schultze

44 posted on 12/29/2009 8:07:44 AM PST by kcvl
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To: abb

It’s going to die because the new format and content, announced earlier this year, was DOA. Because while the official approach was to be more balanced opinion, in reality the mag just turned farther left. So, it got no new readers from the center or right.

I used to read Newsweek religiously as a young man. Now I refuse to even buy an airport copy because I don’t want to add even one iota to their circulation totals. I’ll only glance at it in the doctor’s office and even then I have to hold my nose.

Good riddance.


45 posted on 12/29/2009 8:10:36 AM PST by tom h
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To: abb

These media types crack me up....just go back to business 101....any business plan or product that automatically alienates 50% of your potential customers is doomed to failure....can’t make it clearer than that


46 posted on 12/29/2009 8:12:14 AM PST by joe fonebone
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To: tom h
Newsweek should send money to all it’s former readers as reparations for being exposed to such garbage masquerading as news.
47 posted on 12/29/2009 8:13:24 AM PST by going hot (Happiness is a Momma Deuce)
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To: going hot

What will Keith Olbermann do for guests? Half his guests he introduces as either current Newsweek or former Newsweek icons....


48 posted on 12/29/2009 8:17:01 AM PST by HD1200
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To: tom h

Well said !


49 posted on 12/29/2009 8:18:58 AM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: HD1200
What will Keith Olbermann do for guests? Half his guests he introduces as either current Newsweek or former Newsweek icons....

What that jackass does has as much importance in the general scheme of things as what Newsweek prints on it's pages.

50 posted on 12/29/2009 8:20:20 AM PST by going hot (Happiness is a Momma Deuce)
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