IAC/Interactive Corporation folded the American print edition of Newsweek Magazine at the end of 2012, leaving only its online edition remaining. Fast-forward about seven months and IBT Media announces it acquired Newsweek from IAC.
Digital editions of Newsweek have been produced by IAC throughout 2013, but its first digital issue under new ownership has just been released on October 4.
“We are extremely excited about the launch of this first issue,” said Jim Impoco, editor-in-chief of Newsweek. “And expect our readers around the world will enjoy reading it as much as we enjoyed producing it.”
As one of the first major magazine publications to go fully-digital, Newsweek is laying the groundwork for future magazines to do the same. Other media companies will be awaiting the results of how well Newsweek does as a digital-only magazine, servicing its customers on tablets, smartphones and online.
Since the Digital Age truly came about print media companies have wondered how the Internet would fit in with their business. The question of whether to go digital or not and, if so, how much has plagued media businesses. All digital, partially digital or remain print-only (few and far between) are the options for these corporations, with most leaning somewhere in-between.
IBT Media is looking to the future in the eyes of Newsweek and hopes to accomplish success the same journalistic standards the print edition held for many years.
“We’ve assembled an extraordinarily talented group of journalists who are committed to maintaining the quality and editorial integrity of the franchise and who will help lead Newsweek into its new era,” Impoco continued.
Do you think Newsweek will be successful as a digital-only venture? Will the journalistic standards its readers have come to know suffer? Let me know in the comments below!