Newsweek Botches Digital Transition, May Be Looking for a Buyer

Back in January, Newsweek decided to abandon its print magazine for digital tablet editions. The digital edition launch was heralded with much fanfare in
Back in January, Newsweek decided to abandon its print magazine for digital tablet editions. The digital edition launch was heralded with much fanfare in true Tina-Brown style (Newsweek's current Editor-in-Chief after the merger with The Daily Beast), including an animated cover. But less than six months later, it seems that my predictions about poor financial sustainability are coming true, and parent company IAC is rumored to be looking for a buyer. IAC Chariman Barry Diller famously…...

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