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Newsweek to lay off staff, cut circulation
The Wall Street Journal reports Newsweek will offer voluntary buyouts to roughly 111 employees this spring. However, vice president at Newsweek parent Washington Post Co. Ann McDaniel said these buyouts will not be nearly as “generous” as the ones previously offered. The magazine is also planning a major “overhaul” that will “subtract anywhere from 500,000 to one million copies from its current guarantee of 2.6 million.”
From the story:
A circulation cut would align with changes to the look and feel of the magazine and its Web site that the company says it will unveil in February. Newsweek is expected to introduce a more contemporary look to the magazine, featuring more photos and
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