The curse of Newsweek seems to have struck again with Europe editor Richard Addis, formerly editor of the Daily Express and Toronto Globe and Mail, leaving and its eight London-based editorial staff facing redundancy.
Owner International Business Times has denied a report in Politico that the European edition is closing, saying it will be edited from the US while it looks for another Europe editor, but we’ll see.
Newsweek has had a succession of owners since long-term owner Washington Post gave up on it a decade or so ago. Print advertising has been decimated by the internet and news magazines in particular have struggled to compete with 24/7 online news. Their preferred answer, long form analysis, has not, so far, resonated with the public as hoped.
Another factor is that their expensively-generated content is shared by a horde of news aggregator sites (like IBT), officially or otherwise.