Newsweek, Mired in Red Ink, Cancels Longtime Political Series (Dinosaur Media DeathWatch™)

The New York Times ^ | November 14, 2011 | Jeremy W. Peters

[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

[abb]

The pinch continues...

[abb]

ping

[onyx]

FReepathon Day 45 ... Please Contribute!

FReepathon Day 45 ... Please Contribute!

[GeronL]

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.

[GeronL]

wrong thread. probably shouldn’t have 5 windows open

[fhayek]

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

[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

[GeronL]

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

[Lancey Howard]

“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?

[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

[bert]

-——its online partner,——

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

by its master the delusional Daily beast

[pogo101]

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.

[PGalt]

WOOOOHOOOOO! Thanks for posting, abb.

[PGalt]

WOOOOHOOOOO! Thanks for posting, abb.

DEFUND socialist collectives, foreign and domestic.

[Navy Patriot]

probably shouldn’t have 5 windows open

Is it still that hot in Texas?

[Rome2000]

Edward Felsenthal

Wheres Joe McCarthy when you need him?

Karl Marx was NOT one of the FOUNDING FATHERS.

CPUSA beware, your days are numbered.

[Navy Patriot]

Newsweek, Mired in Red Ink,

So sad, ...sniff.

[GeronL]

lol.

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

[RedMDer]

Donate Today!

[Chode]

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