After halting print publication last year, Newsweek announced Tuesday that it plans to resume publishing a weekly print version beginning in January or February. It expects to publish a 64-page edition weekly, Jim Impoco, Newsweek‘s editor-in-chief, told the New York Times.
Like other venerable media institutions, Newsweek has struggled in the Internet era. At its peak in 1991, the magazine had 3.3 million readers. In 2010, the Washington Post — Newsweek‘s owner — sold the magazine to the billionaire investor Sidney Harman for one dollar. Later that year, Newsweek merged with the Daily Beast, a digital publication founded by Tina Brown in 2008. Last December, Newsweek published its last print issue, reportedly saving $40 million per year by ending the dead-tree edition.
In August, IBT Media, owner of the International Business Times, bought the magazine, severing it from the Daily Beast. Impoco became Newsweek‘s editor in September.
For decades, Newsweek and TIME maintained one of the most-watched rivalries in the news business.