Considering the shift in consumer preferences toward digital content, many newspapers and magazines have been combating steady declines in circulations and decreasing print ad revenues for quite sometime. The U.S News Media Group, publishers of U.S. News & World Report, will discontinue publishing print editions of the news weekly after the December issue, which will be the last print edition sent out to all subscribers, Bloomberg.com reported last week.
Being among the topmost three news weeklies in United States after Time and Newsweek, the media group management informed in a memo to staffers about the transition to a predominantly digital publishing model with selected, single-topic print issues, Poynter.org reported.
This shift to the digital only medium will not result in more layoffs, Brian Kelly, editor of the weekly news magazine assured, CBCCanada reported. While most of the news content will be available for free on the news site, Bill Holiber, president of the U.S. News Media Group, said the move "allows us to continue to grow our online business and to take advantage of the emerging platforms for distributing information."