Snippet: Newsweek to Go Digital-Only in 2013 ☇

Tina Brown, Editor in Chief, and Baba Shetty, CEO, of the Newsweek Daily Beast Company:

We are announcing this morning an important development at Newsweek and The Daily Beast. Newsweek will transition to an all-digital format in early 2013. As part of this transition, the last print edition in the United States will be our Dec. 31 issue…

Newsweek Global, as the all-digital publication will be named, will be a single, worldwide edition targeted for a highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context. Newsweek Global will be supported by paid subscription and will be available through e-readers for both tablet and the Web, with select content available on The Daily Beast.

This is a big deal, and I suspect if they do it right, it will be a hit and save some overhead, but if they don’t, people will look elsewhere.