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(Reuters) - Newsweek, one of the most internationally recognized magazine brands in the world, will cease publishing a print edition after nearly 80 years.
The decision to go all-digital underscores the problems faced by newsweeklies, as more consumers favor tablets and mobile devices over print in an increasingly commoditized, 24-hour news cycle.
The move was not unexpected given both the macro changes affecting the magazine industry and, more specifically, the comments made in July by Newsweek's owner Barry Diller, head of IAC/Interactive Corp, about the expense of producing a print magazine.
Newsweek isn't the first current events magazine to go all-digital - U.S. News & World Report made the move in 2010. And the demise of Newsweek's print product calls into question the plans of its competitor Time magazine.
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