JAN 25 — I’ve been looking high and low for the last printed edition of Newsweek since the end of December 2012 all around the Klang Valley, but have been unlucky. I had basically given up, when lo and behold, I see stacks of it two days ago at a newsstand in Kota Kinabalu where I had been shooting a documentary for the past week.
So I bought a couple of copies (who knows, it might become a valuable collector’s item in a couple of years) and sat myself down at a coffee shop to go through it.
Here’s a little bit of backgrounder for those who are not familiar. Newsweek is a news and current affairs magazine that has been around for 79 years, and is a bitter rival of Time. Due to the pressures of technological and market evolution, they have made the decision to cease their print edition and concentrate only on their digital version.
This isn’t much of a surprise considering that hundreds of newspapers and magazines have been forced to stop operations because of the dwindling circulation and sales in the Internet age. Newsweek itself had an international circulation of four million copies in 2003. By 2010, this number dropped to 1.5 million. That is definitely a huge drop.
But Newsweek is an institution. Back in the day, they had their own building which was so prominent in the New York City skyline. They were (still is!) a respected journalistic organisation. [Click to read the full article at The Malaysian Insider]