SUSSEX, WI (WTAQ) - Newsweek magazine will stop publishing its print edition at the end of the year – and that means a Wisconsin printing firm will lose of its most highly-recognized contracts.
Quad/Graphics of Sussex has printed the weekly Newsweek magazines since the late 1970’s. And according to Quad, Newsweek has honored the firm as its “printer of the year” for at least 25 years.
Starting next year, Newsweek will go digital-only on computers and tablets. The Daily Beast – which merged with Newsweek in 2010 – will print some of the content. But much of it will be sold in online subscriptions.
Newsweek has been an American institution for almost 80 years. Editor-in-chief Tina Brown said, “We are transitioning Newsweek, not saying goodbye to it.”
She said the main factor in cutting off the print edition was, “the challenging economics of print publishing and distribution.” She cited a recent Pew Research Center study showing that almost 40 percent of Americans now get their news from online sources.
But fortunately for Quad/Graphics, not all magazines are heading in Newsweek’s direction. In fact, the company recently struck a long-term $900 million deal with Time Incorporated to produce over 85 percent of the printing for 19 magazine titles.