Newsweek Planning Major Overhaul, Striving To Compete More With Economist Than TIME

Newsweek Planning Major Overhaul, Striving To Compete More With Economist Than TIME

Newsweek, owned by The Washington Post Company, is planning a major overhaul this year. It has not made its new vision public, but executives have said it will strive to be a "thought leader," competing more with The Economist than with Time -- in other words, a big stride in the direction it was already headed. The strategy includes a major reduction in circulation and operating costs and a focus on an elite audience to attract advertisers.

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