UPDATE: The future of newsweeklies

Last year, Howard Kurtz looked at Time and Newsweek as they struggled to remain relevant and solvent:

The rival editors are turning out weeklies that are smaller, more serious, more opinionated and, though they are loath to admit it, more liberal.

So far, the results of the new strategies are less than awe-inspiring.

Magazines’ Newsstand Sales Fall 9.1 Percent

Newsweek, down 41.3 percent to about 62,000 (Newsweek had decreased the number of copies on sale, noted a spokesman);

Time, down 34.9 percent to about 90,000.

(HT: JWF )