Newsweek Owner Says Magazine Will Eventually Be Online Only - Bloomberg

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Newsweek, the 79-year-old magazine, will eventually transition to an online-only publication, according to owner IAC/InterActiveCorp.

The New York-based company made the announcement during its quarterly earnings conference call today, saying it would curb investments in the money-losing business.

To contact the reporter on this story: Sarah Frier in New York at sfrier1@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net

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via bloomberg.com