Newsweek Going Digital

After 79 years of weekly prints and years of losing money, Newsweek announced on Thursday that it will stop printing its magazine and become a digital-only publication.

“Newsweek will transition to an all-digital format in early 2013,” editor Tina Brown wrote in an email to employees. “As part of this transition, the last print edition in the U.S. will be our December 31st issue.”

The new all-digital publication, called Newsweek Global, “will be a single, worldwide edition,” Brown wrote. The e-magazine will be supported by paid subscriptions and made available for e-readers for both tablets and the Web, with some content available on The Daily Beast, Newsweek’s online video partner.

WE SAID THIS: THE Big ones are falling to the hands of the internet, who’s next?