Wednesday, May 20, 2009

Don't Bother Cancelling Your Subscription!

Newsweek is doing it for you...

They do not think highly enough of your---well---let's rephrase that...

They think quite poorly of...YOU!

Think of them, however.

Such suffering must occur when you find yourself whoring out words and content for the public when they wrack you with revulsion.

Stupid public!!!
:

I met Jon Meacham in 1994 and foolishly resisted when my colleagues urged me to hire him as a NEWSWEEK writer. Thankfully, I caved, but months later when it was suggested that he take over our national news coverage, I balked again. Jon was one of the best writers I had ever met, but he was 26 years old and, frankly, a bit odd. He answered most questions with a historical or biblical reference. He dressed in a gray suit, tie and pocket square. He courted his soon-to-be wife through handwritten letters. Most of his friends were two or three times his age...

Holy crap!! I am actually laughing, and crying, and I realize that as stupid as I am I really didn't need to insert that elipse, BECAUSE THIS IS NOT MADE UP AND THERE IS NO GAP IN THE CONTENT THAT I AM CLIPPING FOR YOU!

YET ONE MORE ELIPSE FOR ELEGANCE!

...

I eventually realized that Jon was a unique talent and a great man. He had read NEWSWEEK since he was 6 years old, and imagined being the magazine's editor. In 2006, that dream came true, for Jon and for NEWSWEEK. He became editor (with my enthusiastic support, finally) and has led NEWSWEEK to be a better-written and more deeply reported, thoughtful and analytical weekly. On May 18, we will debut a new version of NEWSWEEK both in print and online, one that reflects Jon's passion for great writing, reporting and provocative, but not partisan, journalism.---By Ann McDaniel, Managing Director, NEWSWEEK

So smart those folks. No wonder it kind of makes the employees shiver:

Jon Meacham admits it is hard to explain, even to his own people, why chopping Newsweek's circulation in half is a good thing.

"It's hugely counterintuitive," the magazine's editor says. "The staff doesn't understand it."

That step -- along with a redesigned, revamped publication that hits newsstands today -- may well determine whether the 76-year-old newsmagazine survives. Newsweek will concentrate on two things -- reporting and argument -- while kissing off any recap of the week's developments.

Time has been gravitating in that direction as well. But Newsweek, owned by The Washington Post Co., is accelerating the process because it is bleeding red ink, losing nearly $20 million in the first quarter. Newsweek, whose circulation was as high as 3.1 million in recent years, plans to cut that to 1.5 million by the beginning of 2010, in part by discouraging renewals. The magazine will begin charging the average subscriber about 90 cents an issue, nearly double the current rate.

"If we can't convince a million and a half people we're worth less than a dollar a week, the market will have spoken," Meacham says. The newsstand price will also jump from $4.95 to $5.95, a buck more than Time.

The new layout, with larger photographs, splits each issue into four parts: Scope (News, Scoops and the Globe at a Glance); Features; The Take (What We Think About the World); and The Culture. Meacham, an admirer of the Economist, is fashioning a serious magazine for what he calls his base, with a heavy emphasis on politics and public policy.

Time, with a circulation of 3.25 million, will sell more than twice as many copies. Meacham says he wants to get away from the "Cold War metaphor" of Time vs. Newsweek, insisting that "we live in an age of asymmetrical warfare."

Time's top editor, Rick Stengel, agrees, saying that "we are effectively by ourselves" in the newsmagazine category. "There are advertisers who need scale, who need to reach a mass audience, and we will be the vehicle for that."

Time will continue to recount some of the week's news but is concentrating on "long-form journalism about people, about ideas," Stengel says. "We came up with that mix and it's been ratified by our readers." The magazine, which expects to make a substantial profit this year, will benefit from Newsweek's retreat by being able to raise its own subscription fees. Time, which has already lowered its circulation from 4 million, has benefited from being part of a much larger news and entertainment conglomerate that has helped leverage its worldwide brand.

Newsweek executives are gambling that advertisers will support the equivalent of shifting from beer to wine. "Will they accept a more affluent Newsweek demographic," Meacham asks, "given that they've been acculturated all these years to think of us as a mass vehicle?"

And will a smaller magazine have less cultural clout? Such recent cover stories as "The Decline and Fall of Christian America" sparked a flurry of op-eds, suggesting that the power of ideas still trumps circulation.

The ideas that Newsweek is promoting are mainly left-of-center. The cover story in today's issue is a generally sympathetic interview with President Obama, written by Meacham, that describes Obama "moving as he wishes to move, and the world bending to him." An accompanying piece by Tina Brown on Nancy Pelosi -- who's just endured her worst week as House speaker over the waterboarding controversy -- calls her "fast-talking, formidable, high-energy and supremely self-confident."

Earlier, in Newsweek's 100-day assessment of the new president, liberal columnist Jonathan Alter wrote, "Barack Obama has put more points on the board than any president since Franklin D. Roosevelt in 1933." Allison Samuels wrote this month: "I knew that Michelle Obama was already changing the way we see ourselves as African-American women. . . . What's remarkable now . . . is how quickly and decisively Michelle has taken on the issues that matter most to us."

When Newsweek put a conservative's essay on the cover, it was by David Frum, assailing Rush Limbaugh under the headline "Why Rush Is Wrong." And when Newsweek took on Obama, it did so from the left, in a piece built around New York Times columnist Paul Krugman and his criticism of the president's economic policies.

Meacham sees only a perception problem. "In making arguments," he says, "we have to make sure people don't believe we're partisan." (Time, for its part, has also been sympathetic to Obama, and this month ran a cover story calling the Republican Party an "endangered species" pushing a "hard-right agenda" that is "shamelessly hypocritical" and "over the top.")

Meacham recently had lunch with Stengel, and they commiserated about the era of diminishing resources. "I don't take pleasure in any media organization shrinking or going away, but we definitely see opportunities that didn't exist before," Stengel says.

There is little doubt that Newsweek is trying to make the best of a tough situation. Catering to a more elite audience may or may not be a viable strategy, but Newsweek appears to have no Plan B. If the effort fails, its future as a print magazine could be in doubt.

"I'm not saying the battle's going to be easy," Meacham says. "It's going to be hard as hell."

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