For several decades, millions of Americans depended not only upon their daily newspapers and television and radio, but also on weekly news magazines for much of their news, with Time and Newsweek being the news magazine leaders.
Time has a circulation of about 3.3 million and Newsweek about 1.5 million.
But times change (no pun intended) and so does Newsweek. With television, radio, Internet and many other means of news dissemination expanding, the niche for news magazines has declined. And now Newsweek, lagging in circulation and the advertising necessary to pay the bills, faces big changes.
Newsweek magazine is being sold by the Washington Post Co. to Sidney Harman, founder of a major audio equipment firm.
Newsweek Editor Jon Meacham, a former Chattanoogan and member of The Chattanooga Times staff, is stepping down.