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Monday, April 29, 2013

"I Wish I Hadn't Bought Newsweek. It Was a Mistake."

Posted by on Mon, Apr 29, 2013 at 10:14 AM

Barry Diller talks about his lack of "great expectations" for Newsweek, which he bought half of back in 2011, on a Bloomberg News clip via BuzzFeed. This has to be a great day in the Newsweek offices.


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Pope Peabrain 1
Sad. Too bad he didn't buy a bank.
Posted by Pope Peabrain on April 29, 2013 at 10:33 AM · Report this
rob! 2
He does say they have "a very solid newsroom," and I assume he means something other than the building's better than a Bangladeshi industrial park.

But a two-second remark by the boss is a drop in an ocean of bad news; the San Francisco Chronicle just called journalism (well, newspaper reporter, to be exact) the worst job in America:
1. Newspaper reporter. After declining dramatically during the recession, newspapers are expected to continue losing jobs at a rate of 6 percent per year through 2020, according to the Bureau of Labor Statistics. CareerCast said the job's grim outlook, shrinking budgets, stressful deadlines, lack of income growth and low pay made this the worst job in America. Median salary is $36,000.
Posted by rob! on April 29, 2013 at 11:57 AM · Report this
I once bought a copy of Newsweek. Felt the same way.
Posted by Ruke on April 29, 2013 at 1:15 PM · Report this
Tacoma Traveler 4
Newsweek brown-nosed the fuck out of the Bush administration during the early 2000's. Much of the rest of the American press did too, although as far as I know, Newsweek never recanted or apologized for this lack of journalistic integrity. They continued to express pro-religious viewpoints right up until the end of their print run, which made me wonder if they were a news magazine or an organ of some fundamentalist cult.

I say let it die. Close the doors, fire the staff. Sell the equipment off to the highest bidder. Print one last edition and sell it for free. The headline?

We apologize.
Posted by Tacoma Traveler on April 29, 2013 at 5:37 PM · Report this

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