After years of losing money, Newsweek announced on Thursday that it will stop printing its magazine and become a digital-only publication.
"Newsweek will transition to an all-digital format in early 2013," editor Tina Brown wrote in an email to employees early Thursday. "As part of this transition, the last print edition in the U.S. will be our December 31st issue."
The new all-digital publication, called Newsweek Global, "will be a single, worldwide edition," Brown continued. The e-magazine will be supported by paid subscriptions and made available for e-readers for both tablet and the Web, with select content available on The Daily Beast.