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Newsweek, Mired in Red Ink, Cancels Longtime Political Series (Dinosaur Media DeathWatch™)
The New York Times ^ | November 14, 2011 | Jeremy W. Peters

Posted on 11/14/2011 4:10:35 PM PST by abb

It has been one of Newsweek’s signature ventures and a staple of American political journalism since 1984.

Every presidential election season, the magazine detached a small group of reporters from their daily jobs for a year to travel with the presidential candidates and document their every internal triumph and despair — all under the condition that none of it was to be printed until after the election.

Then two days after Election Day, the sum of their reporters’ work would appear in the magazine. But the ambitious undertaking, known inside the magazine simply as “the project,” is no more. Newsweek, bleeding red ink and searching for a fresh identity under new ownership, has decided the project would not go forward this election season.

Explaining the decision to end the series, Edward Felsenthal, executive editor of Newsweek and The Daily Beast, its online partner, cited the quickening speed of the news cycle. In a news environment when scoops are often measured in milliseconds between Twitter posts, fewer news organizations are comfortable waiting to publish the kinds of attention-grabbing anecdotes that they would have once saved for longer articles.

“Sitting on election news felt to us out of place in an era where so much information comes out so fast,” he said. The pace seems measurably faster than even four years ago when many of the most titillating anecdotes about the 2008 campaign were reported in “Game Change” by John Heilemann and Mark Halperin, a book that did not hit store shelves until January 2010.

Politico and Random House have teamed up to produce serialized campaign e-books that will be released in four installments as the presidential race unfolds. The first is due out Nov. 30 and already has a title: “Playbook 2012: The Right Fights Back.”

snip

(Excerpt) Read more at mediadecoder.blogs.nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; dbm; magazines; newsweek
The pinch continues...
1 posted on 11/14/2011 4:10:38 PM PST by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; Bahbah; bert; bilhosty; Caipirabob; carmenbmw; ...

ping


2 posted on 11/14/2011 4:11:42 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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FReepathon Day 45 ... Please Contribute!

3 posted on 11/14/2011 4:13:27 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: abb

Texas spent billions and billions on wind power and th EPA has shuttered 2 coal power plants.

We will have blackouts this summer. Probably guaranteed.

The wind doesn’t blow in Texas when its hot hot hot.


4 posted on 11/14/2011 4:16:44 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: abb

wrong thread. probably shouldn’t have 5 windows open


5 posted on 11/14/2011 4:17:36 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: abb

Newsweek. Gosh, I thought that that had gone out with rotary phones and the Studebaker..


6 posted on 11/14/2011 4:17:57 PM PST by fhayek
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To: abb

http://www.nytimes.com/2011/11/14/business/media/paton-prepares-his-newspapers-for-a-world-without-print.html?_r=1
Newspapers’ Digital Apostle

http://www.ajc.com/business/cnn-u-s-cuts-1223425.html
CNN/U.S. cuts jobs in Atlanta, other cities

http://www.ft.com/intl/cms/s/0/66774712-0cc0-11e1-a45b-00144feabdc0.html#axzz1dj9HNByi
Houghton Mifflin to cut 10% of staff

http://www.marketwatch.com/story/moodys-cuts-washington-post-on-kaplans-declines-2011-11-11
Moody’s cuts Washington Post on Kaplan’s declines

http://www.crainsnewyork.com/article/20111113/TECHNOLOGY/311139983
As Google adds content, competitors get nervous

http://briansolis.posterous.com/social-media-pulling-from-digital-tv-and-maga
Social Media Pulling from Digital, TV and Magazine Budgets

http://adage.com/article/digital/hulu-makes-play-2012-political-dollars/230987/
Hulu Makes Play for 2012 Political Dollars as TV Ad Prices Heat Up

http://www.mediapost.com/publications/article/162314/optimism-of-ad-execs-begins-to-wane-again-actuall.html
Optimism Of Ad Execs Begins To Wane Again, Actually Improves For Digital, Mobile, Cable TV

http://newsosaur.blogspot.com/2011/11/romenesko-didnt-do-anything-wrong.html#comments
Romenesko didn’t do anything wrong

http://recoveringjournalist.typepad.com/recovering_journalist/2011/11/in-defense-of-jim-romenesko.html
In Defense of Jim Romenesko

http://www.niemanlab.org/2011/11/this-week-in-review-romeneskos-exit-turns-ugly-and-google-is-open-for-business/
Romenesko’s exit turns ugly

http://www.dankennedy.net/2011/11/14/romenesko-and-the-perils-of-aggregation-ii/
Romenesko and the perils of aggregation


7 posted on 11/14/2011 4:19:50 PM 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

Hey if it doesn’t work they can always sell the company for 75 cents next time.


8 posted on 11/14/2011 4:20:11 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: abb
“Sitting on election news felt to us out of place..."

You mean like TIME sitting on this photo and others until AFTER the 2008 election?


9 posted on 11/14/2011 4:20:47 PM PST by Lancey Howard
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To: abb

http://www.freerepublic.com/focus/f-news/2807459/posts
The NewsBeast exodus
Politico ^ | Nov 14, 2011 | Keach Hagey

Posted on Monday, November 14, 2011 5:51:08 PM by Second Amendment First


10 posted on 11/14/2011 4:21:36 PM 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

-——its online partner,——

Actually, News Weak is failed publication bought on sale for $1

by its master the delusional Daily beast


11 posted on 11/14/2011 4:22:57 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: abb

NewsWeak’s problem is that there already plenty of other libera to leftist weeklies in America. TNR, Mother Jones, Utne Reader, and in my opinion TIME. NewsWeak didn’t “do it” better than the established players, so it is fading. Good riddance.


12 posted on 11/14/2011 5:02:15 PM PST by pogo101
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To: abb

WOOOOHOOOOO! Thanks for posting, abb.


13 posted on 11/14/2011 5:04:56 PM PST by PGalt
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To: abb

WOOOOHOOOOO! Thanks for posting, abb.

DEFUND socialist collectives, foreign and domestic.


14 posted on 11/14/2011 5:05:29 PM PST by PGalt
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To: GeronL
probably shouldn’t have 5 windows open

Is it still that hot in Texas?

15 posted on 11/14/2011 5:05:53 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: abb
Edward Felsenthal

Wheres Joe McCarthy when you need him?

Karl Marx was NOT one of the FOUNDING FATHERS.

CPUSA beware, your days are numbered.

16 posted on 11/14/2011 5:09:47 PM PST by Rome2000 (OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
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To: abb
Newsweek, Mired in Red Ink,

So sad, ...sniff.

17 posted on 11/14/2011 5:10:13 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: Navy Patriot

lol.

yes. It was 84 today. Hopefully winter will arrive this year before January.


18 posted on 11/14/2011 5:37:07 PM PST by GeronL (The Right to Life came before the Right to Happiness)
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Donate Today!

19 posted on 11/14/2011 5:41:55 PM PST by RedMDer (Forward With Confidence!)
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To: abb

and the RATS, take another one in the.........HA ha!!!

20 posted on 11/14/2011 5:46:21 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: abb

Thanks for the ping.


21 posted on 11/14/2011 5:51:08 PM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: abb

I think what would be really funny is if a well off conservative bought the company for a small fraction of what it used to be worth (or even now) and turned it into a conservative news magazine worth buying at the stand or on a subscription.


22 posted on 11/14/2011 6:03:24 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Jack Hydrazine

Or sold off all physical assets so it stayes really dead.


23 posted on 11/14/2011 6:16:49 PM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: MrEdd

If it was converted to a conservative publication it would drive the Leftists bonkers! Same with the New Your Slimes.


24 posted on 11/14/2011 6:29:53 PM PST by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: abb
The pace seems measurably faster than even four years ago when many of the most titillating anecdotes about the 2008 campaign were reported in “Game Change” by John Heilemann and Mark Halperin, a book that did not hit store shelves until January 2010.

All ten copies of the book have reportedly been sold, making it a complete success.

25 posted on 11/14/2011 9:04:31 PM PST by USS Alaska (Nuke The Terrorist Savages)
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To: GeronL

LOL I know what thread you were on - I was just there too. Your post looked ok to me.


26 posted on 11/14/2011 11:02:51 PM PST by TenthAmendmentChampion (I have a job; therefore I am in the 1%.)
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