Newsweek going digital won't hurt Quad/Graphics
SUSSEX - The announcement that Newsweek will be stopping its print magazine next year will have a minimal impact on a local print company.
Quad/Graphics, based in Sussex, currently prints Newsweek magazine at facilities including its Hartford plant. It has since 1994.
In a statement, the company said, "Newsweek is not a significant piece of our overall business, and losing this work will have a negligible financial impact on our company and will not result in any loss of jobs."
Quad also produces Time, Sports Illustrated, Vogue, The Economist, Business Week, Architectural Digest and many other periodicals and catalogues as part of its $4.8 billion yearly business.
Newsweek's last U.S. print edition will be its Dec. 31 issue.
Barry Diller, the head of the company that owns Newsweek, had announced in July that the publication was examining its future as a weekly print magazine.
The announcement of the change was made by Tina Brown, editor-in-chief and founder of The Newsweek Daily Beast Co., on The Daily Beast website Thursday.
Brown said that the online publication will be called Newsweek Global and will be a single, worldwide edition that requires a paid subscription.
It will be available for tablets and online reading, with certain content available on The Daily Beast website.
Newsradio 620 WTMJ has reached out for response from Quad/Graphics.
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