Newsweek Struggles: Magazine Lost $28.1 Million In 2009

04/28/2010 05:12 am ET | Updated May 25, 2011

ATTEMPTS by Newsweek CEO Tom Ascheim and Editor-in-Chief Jon Meacham to reshape the magazine into a lower-circulation weekly with a more Economist-like feel do not seem to be paying off.
Tucked in the fourth-quarter earnings report from parent Washington Post Company were numbers that suggest the magazine lost $28.1 million in 2009, the first year of the process.

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