This morning, Newsweek/Daily Beast editor Tina Brown announced that Newsweek will cease print production by the end of 2012, and in 2013 will shift to an entirely digital format.
Brown, a Morning Joe regular, published the announcement on the Daily Beast site and said "We are transitioning Newsweek, not saying goodbye to it."
Her announcement went on to say:
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.
Meanwhile, Newsweek will expand its rapidly growing tablet and online presence, as well as its successful global partnerships and events business.
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.
Brown will join the show tomorrow to further discuss the announcement and what it means for Newsweek in the future.