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Newsweek axes print edition and goes online

AFTER almost 80 years, and more than 4,000 print editions, Newsweek magazine is to be scrapped.

The English editor of the high-profile US current affairs weekly announced her title was going "digital-only" after a long struggle with falling circulation and mounting debts.

The final physical copy will hit newsagents' shelves on New Year's Eve.


Next year, Newsweek will begin a new existence as a virtual magazine.

Its content will be available either to subscribers willing to use iPads and other e-reader devices, or to the world at large via websites controlled by The Daily Beast, the sister company it merged with two years ago.

The scrapping of the magazine follows years of decline in its paid circulation, which was 3.1 million in 2007 but had fallen to 1.5 million by last June.