President and Publisher to Leave Newsweek
Greg Osberg to return to digital space; no successor named.
Greg Osberg, Newsweekâ€™s president and worldwide publisher, is leaving the Washington Post Company, FOLIO: has learned.
Osberg told FOLIO: Tuesday that he plans to stay on at Newsweek until early fall. No successor has been named, though Jon Meacham, the magazineâ€™s editor, would figure to be a prime candidateâ€”at least for the president part.
A Washington Post Company spokesperson said the decision would be made by Newsweek. A spokesperson for Newsweek did not immediately return a request seeking comment.
Osberg joined Newsweek in 1990 as associate advertising director, then vice president/associate publisher. He left Newsweek in 1997 to become president of sales and marketing at CNET, but came back in 2000 to focus on building out the companyâ€™s international editions and Newsweek.com.
â€śIâ€™ve made it no secret that I have a passion for the digital space,â€ť Osberg said. â€śIâ€™ve always wanted to return there.â€ť Osberg said he had made the decision a couple months ago, but that the company had â€śwanted to keep it quiet.â€ť
He declined to say what his next move would be, but said it would most likely not be in the magazine industry.
Osbergâ€™s departure comes at a tenuous time for the newsweekly category. Through June, advertising pages were down 22.2 percent over the same period in 2007, according to Publishers Information Bureau figures. At Newsweek-rival Time, pages were down 21 percent; U.S. News and World Reportâ€”which recently announced it will become a biweekly in 2009â€”saw a 30 percent drop.
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