It's a bit of a shocker for the media world, which is doing anything but moving back towards print. Just this week, New York Magazine announced it would reduce its print output to a bi-monthly schedule.
CNN's Brian Stelter suggests that the new Newsweek model will resemble that of The Week. "The Week has ads, and Newsweek will too," writes Stelter. "But the bulk of The Week's revenues come from circulation." So, Newsweek's ad program will merely shore up its subscription revenues, instead of supporting the majority of the magazine.
Though, whether current online Newsweek readers will want to pay for what they're already getting for free in Web form remains to be seen. It's a tall order, but not entirely impossible. (CNN)