Newsweek is apparently going to a digital-only publication. We are reaching a tipping point where modes of getting information or entertainment of the past -- hard copy books, newspapers, magazines, TV news, broadcast television in general, in-theater movies -- are going to pass away like the dodo bird. Within twenty years (maybe sooner), no one will even think of buying a hard copy of a book, a newspaper or a magazine, or watch a TV show at a specified time the broadcast network says it's "on," or go to a movie theater where, among other things, you have to be part of a crowd of people you don't know who might, oh, be carrying weapons. Instead you will read and view everything on a handheld reading device/computer/phone, which in turn will interface with built-in wall screens in every room of your house wirelessly.
Newsweek is a lefty rag that was losing circulation because of its idiotic editorial policies anyway. But that's not the only reason why it's dying. Even if it were the best buggy whip magazine in the world, it's still rapidly becoming obsolete.