The Slatest

Newsweek Ending Print Edition, Going All-Digital

The August 9 issue of Newsweek magazine is shown on a newsstand on August 2, 2010 in Chicago

Photo by John Gress/Getty Images.

Newsweek’s Twitter-baiting covers will soon be no more—at least the physical print versions of them. The publication announced today plans to go all digital at the start of next year.

The last issue of the U.S. edition of the magazine will hit stands on Dec. 31. After that, the publication will move to a single-edition digital format. In their announcement, the company explained that the online-only move will still keep some content subscription-based, with some stories popping up on the Daily Beast website. Newsweek and the Daily Beast merged two years ago after the Washington Post sold the magazine to Sidney Harman.

So why the move? Here’s what they had to say:

Currently, 39 percent of Americans say they get their news from an online source, according to a Pew Research Center study released last month. In our judgment, we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format.

The publication also mentioned that they’d been “increasingly affected by the challenging print advertising environment.” The move will come with staff cuts, “here in the U.S. and internationally,” according to the announcement.