Newsweek sold to digital news firm IBT Media

Let’s see what’s next for Newsweek.. but Tina Brown sure did a horrible job.. taking an interesting magazine and turning it into a celebrity focused and sensationalist outlet.. maybe some real news, opinion and big picture articles will return…

The final print edition of Newsweek magazine

http://www.bbc.co.uk/news/business-23566942

The former US current affairs magazine Newsweek has been sold to a US digital news company.

IBT Media will buy what is left of the magazine, which published its last ever print edition in December, from owner IAC for an undisclosed price.

After 80 years, Newsweek became a digital-only publication amid falling ad revenues as audiences moved online.

It was last sold by the Washington Post for $1 in 2010 and merged with the Daily Beast website.

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