2012 wrote:Currently, 39 percent of Americans say they get their news from an online source, according to a Pew Research Center study released last month. In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format. This was not the case just two years ago. It will increasingly be the case in the years ahead.
Exiting print is an extremely difficult moment for all of us who love the romance of print and the unique weekly camaraderie of those hectic hours before the close on Friday night. But as we head for the 80th anniversary of Newsweek next year we must sustain the journalism that gives the magazine its purpose—and embrace the all-digital future.
Are we experiencing the end of print news media?
Yes.
This was anticipated just that various markets and industries will arrive at the tipping point (where hard and digital sales meet) at different speeds. For media houses in the western markets, everything is in place to support this development. It may not be the case for developing markets for example.
This development could see a number of media houses move in that direction particularly if Newsweek records better performance.