“It’s all about the distribution system, and that’s all its ever been about.”
Sure. Used brontosaurus-sized printing plants are now a dime-a-dozen, while a distribution system like Newsweek’s would be prohibitively expensive to build from scratch, but exactly what printed material do they expect to distribute for a profit?
Perhaps Diller thinks the residual ‘brand value’ of Newsweek will carry the thing for a while. It did at one time have a decent size readership...