U.S. News Magazine Exits the Print Business

U.S. News & World Report isn't for sale. Wealthy owner Mort Zuckerman wants to keep the magazine, he just doesn't want to print it, so U.S. News will go completely online next year. December will be the print magazine's last issue.

U.S. News was once a weekly magazine that competed with Time and Newsweek. It changed its frequency to every two weeks in 2008. That move's finances didn't work, so it quickly changed to once a month.

According to The New York Times, U.S. News won't lay off any workers as part of the move. The company works with a bare-bones staff already, following years of layoffs.

U.S. News has an editorial product that lends itself to online-only. It relies heavily on long lists like "Best Colleges" and "Best Hospitals." The data from these lists are easier to sort through and view on a computer than in print.

The move by U.S. News saves it from the fate of Newsweek, which was recently sold for $1 by Washington Post Co. (WPO) to billionaire Sidney Harman. Newsweek still loses so much money that it may not be viable.

U.S. News may have learned something from newspapers. More and more papers have gone online and killed their print editions. The daily newspaper in Ann Arbor, Mich., a midsize market, last year discontinued its print product because it couldn't stanch the bleeding that came from buying newsprint and operating the presses and trucks needed to get newspapers to peoples' homes.

U.S. News online may serve as a template for other magazines. Print isn't dead, but it is dying.

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don917

There is still something unique and tactile about leafing thru the print medium. Being able to set it down and then pick it up again later, something you just can't do with the electronic screen currently in front of you.

November 07 2010 at 6:18 PM Report abuse rate up rate down Reply
Delbert

The times they are achanging. Bet there's alot of money to be made somewhere in the future with new trends. Wish I knew what they were. Steve Jovs and Bill Gates knew, but most of us are clueless.

November 07 2010 at 4:52 PM Report abuse rate up rate down Reply
rose

Ouch that has got to hurt. I guess they never thought about the people who don't use computers, especially for reading magazines and newspapers. Maybe Newsweek will pick up more subsribers then. The part about newspapers not printing but going online, I have just one question. How would the people get their coupons on Sunday?

November 07 2010 at 11:22 AM Report abuse rate up rate down Reply
1 reply to rose's comment
ltjaysantos

You can print them off you computer.I think that the quality of journalist will suffer in the future.

November 08 2010 at 2:29 PM Report abuse rate up rate down Reply