Newsweek may cease print edition to shift to 'online-only' format

Washington, July 26 (ANI): American weekly news magazine Newsweek may cease its print publication by the end of this year, Inter Active Corp. (IAC) chief Barry Diller, who owns the majority stake in the company, has revealed.

During a conference call, Diller suggested that the magazine would eventually shift to an online-only publication, which would begin as early as this fall.

"The transition will happen. The transition to online from hard print will take place. We're examining all of our options," Politico quoted Diller, as saying.

"We're looking at all options for Newsweek and will have a plan in place by September or October," he added.

According to The Guardian, Diller believes that at some point there will be a transition to online from hard print, not entirely, but a general transition.

"I'm not saying it will happen totally, but the transition to online from hard print will take place," he said. (ANI)