Ed Driscoll

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Washington Post Unloading Newsweek

May 5, 2010 - 11:53 am - by Ed Driscoll

Speaking of the Washington Post and a far left Internet presence, back in December, I asked, “Is Newsweek A Brand ‘That Will Disappear In 2010′?”

Today, Ken Shepherd of Newsbusters notes, “Washington Post Co. Seeking to Unload Money-losing Newsweek,” quoting this AP story:

Speaking of pulling the plug...The Washington Post Co. is putting Newsweek up for sale in hopes that another owner can figure out how to stem losses at the 77-year-old weekly magazine.While magazines in general have struggled with steep declines in advertising revenue because of the recession, news magazines such as Newsweek face the added pressures from up-to-the-second online news. Once handy digests of the week’s events, they have been assailed by competitors on the Web that pump out a constant stream of news and commentary.

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Despite staff cuts, Newsweek has remained a drag on its parent company, which is also struggling with ad declines at its namesake newspaper.

Last night, while recording a podcast with Stephen Green (huh — never worked with that guy before…) and Jimmie Bise on Jimmie’s weekly show, I quoted James Lileks’ reminder that “joyless monomania” kills a blog, which was a reference to Andrew Sullivan’s blogging obsessions in 2004 and 2008. As Newsbusters’ Brent Baker notes, grinding down on a single theme to the exclusion of all others can also have a deleterious effect on old school-style periodicals as well.

Filed under: Capitalism, the Unknown Ideal, Liberal Fascism, Oh, That Liberal Media!

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1 Comments, 1 Threads

  1. 1. Steven Den Beste

    I can certainly understand why WaPo wants to get rid of Newsweek. But I can’t understand why anyone would want to buy it.

    May 5, 2010 - 12:49 pm   Link to this Comment