I hope that this ends Jon Mecham’s reign of terror, but I doubt that it will:
“The losses at NEWSWEEK in 2007-2009 are a matter of record. Despite heroic efforts on the part of NEWSWEEK’s management and staff, we expect it to still lose money in 2010. We are exploring all options to fix that problem,” said Donald E. Graham, chairman of The Washington Post Co. “NEWSWEEK is a lively, important magazine and website, and in the current climate, it might be a better fit elsewhere.”
I honestly believe that Time and Newsweek are a blight on our civilization, primarily because they mask warmed over conventional wisdom as something more serious. I say that not because I dislike magazines but because I believe that if Washington Monthly, American Prospect, and the Economist (not my favorite, but it is the best conservative magazine that I am aware of) had the same influence that Time and Newsweek have had, we would be in a much better place politically.