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Newsweek Owner Says Magazine Will Eventually Shift Online

By Editorial Staff
Published
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Newsweek will eventually transition to an online publication, owner IAC/InterActiveCorp (IACI)said today, marking the beginning of the end for the magazine’s 79-year run as a print weekly.

IAC Chairman Barry Diller made the announcement during a quarterly earnings conference call, saying the New York-based company aims to curb investments in the money-losing business. Still, he stopped short of saying it would be a “total” shift to the Internet.

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