WRM writes on the decline of Newsweek and points out that the problems go far beyond the magazine and include the network news shows and CNN:
It’s rather a case of institutions thinking that their gatekeeper
status was a commercial asset to be exploited rather than something that
had to be earned day by day. Time and Newsweek lost their must-read status
for people interested in news more than two decades ago; is there still
a decision-maker in the business, political or cultural world for whom
reading either is a normal and necessary part of their weekly news diet?
The Economist stole the serious audience years ago. Time and Newsweek stopped mattering as news sources for important people and have been living off reputation and momentum for a very long time.
These publications have become case studies in a professional
journalistic elite that lost touch with the needs and interests of its
audience.
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