TODAY'S BUSINESS HEADLINES

Money supply growth stays below 20 pct for a second month in Aug 30-Sep-14, 11:47 PM | Scarlet Venilia, InterAksyon.com

Bangko Sentral says it's managing forex volatility, as US dollar hits P45 30-Sep-14, 7:20 PM | Scarlet Venilia, InterAksyon.com

ICTSI to expand Manila International Container Terminal, build new Laguna depot 30-Sep-14, 6:21 PM | Darwin G. Amojelar, InterAksyon.com

Jan-Aug investment pledges decline 30-Sep-14, 5:28 PM | Chelsea Cruz, InterAksyon.com

PH stock index retests 7,300 30-Sep-14, 4:31 PM | Krista Angela M. Montealegre, InterAksyon.com

Newsweek to come back in print early 2014

A woman reads what was in December 2012 thought to be Newsweek's final edition. Agence France-Presse

InterAksyon.com means BUSINESS

NEW YORK - International current affairs magazine Newsweek plans to relaunch its print edition in early 2014, just over one year after ceasing publication to focus on its website, the New York Times reported Tuesday.

Newsweek editor in chief Jim Impoco was quoted as saying that the magazine, which was last printed in December 2012, would aim to become a subscription-based outlet akin to The Economist rather than its traditional rival Time Magazine.

"We see it as a premium product, a boutique product," Impoco was quoted as saying of the magazine's relaunch, which is expected in either January or February.

The return of Newsweek's print edition marks a turbulent few years for the title, which was first published in 1933.

At the start of the 1990s, the magazine had a worldwide circulation of 3.3 million readers, but sales declined steadily over the next two decades, slipping to 1.5 million by 2010.

The magazine was sold to the billionaire investor Sidney Harman three years ago, merging with The Daily Beast website.

The venture was largely seen as being a failure, and the decision to scrap the print edition was announced in October 2012, saving the company an estimated $40 million in overheads a year.

The magazine continued in an online-only format called Newsweek Global, and was bought again by digital media company IBT Media in August.

Impoco told the New York Times it was hoped Newsweek could build circulation of its print edition to 100,000 in its first year.

OTHER BUSINESS STORIES
OTHER WORLD STORIES
BREAKING NEWS