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President and Publisher to Leave Newsweek

Greg Osberg to return to digital space; no successor named.


By Dylan Stableford
07/16/2008

EXCLUSIVE

Greg Osberg, Newsweek’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 magazine’s editor, would figure to be a prime candidate—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 company’s international editions and Newsweek.com.

“I’ve made it no secret that I have a passion for the digital space,” Osberg said. “I’ve always wanted to return there.” Osberg said he had made the decision a couple months ago, but that the company had “wanted to keep it quiet.”

He declined to say what his next move would be, but said it would most likely not be in the magazine industry.

Osberg’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 Report—which recently announced it will become a biweekly in 2009—saw a 30 percent drop.

[EDITOR'S NOTE: Check FOLIOmag.com throughout the day for updates to this story.]

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Newsweek Magazinei
Submitted by shibahusky on Wed, 07/16/2008 - 18:49.

newsweek has become a flack for the democratic party.it has been Qfor some time and is not worth reading.
Newsweek
Submitted by Anonymous on Wed, 07/16/2008 - 18:55.

The country would be better off without Newsweek - so biased - no cred..........
No surprise
Submitted by Anonymous on Wed, 07/16/2008 - 19:02.

that advertising is down - Newsweek used to be a reasonable read - now it is only comparable to the trash released by far-left rags and blogs. I was a subscriber for nearly twenty years - ceased three years ago - had enough. . . .
liberal slant of NEWSWEEK
Submitted by Mark on Wed, 07/16/2008 - 19:19.

Maybe they can hire someone to steer them away from their strong tilt to the left.
Don't You Luv It ....
Submitted by 02Z06Vette on Wed, 07/16/2008 - 19:39.

Another worthless rag biting the dust. Why not just report the truth, and thrive, like Rush Limbaugh!
Newsweek CEO Steps aside
Submitted by Marcy on Wed, 07/16/2008 - 19:57.

It's quite obvious why news magazines and newspapers' revenues are down. The biased editorials masked as "objective reporting" are outrageous. I won't even read USAToday when it's delivered to my hotel room free of charge. It's as bad as network "news" on TV or the soviet style info that is the stuff of NPR.
Newsweek's Impending Demise
Submitted by Patrick Curry on Wed, 07/16/2008 - 20:15.

Newsweek is going the way of the NY Times. These two leftwing dinosaurs are going extinct because the American People have chosen not to continue to be hoodwinked by bad reporting. Newsweek can save itself if it returns to honest, unbiased reporting. The NY Times, under its current management, is incapable of such change, and is sinking fast.
Newsweek Nosedive
Submitted by donald duck on Wed, 07/16/2008 - 20:56.

I was an avid reader of Newsweek back in the day. Now I can't even bear to look at the covers most of the time let alone buy it and read it. Putting Meachem in charge would not help AT ALL. Let the rag die with ignomy and lets move on to the next rag obit, perhaps the NYT.
Raoul's First Law of Journalism
Submitted by raoul on Wed, 07/16/2008 - 21:03.

Raoul's First Law of Journalism BIAS = LAYOFFS
Newsweek Droputs
Submitted by J.W Thompson M.D. on Wed, 07/16/2008 - 21:07.

I hope the president and publisher of Newsweek find gainful employment soon, otherwise there will be a big strain on the finances of the United Jewish Appeal charity in New York.
newsweek
Submitted by Anonymous on Wed, 07/16/2008 - 21:10.

Newsweek has become a left-wing rag, like most others, and ergo totally irrelevant. I won't even pick it up to read from a coffee table in a doctor's waiting room..that's pretty sad...I'd rather pick up a Family Circle, at least my blood pressure does not get elevated by the grossly biased articles..so I will not mourn its demise..it has run its course..and its time to go! bye bye!
Newsweek
Submitted by Mickey Mouse on Wed, 07/16/2008 - 21:13.

HERE HERE ! To piggyback on ALL of the comments above, at least some Americans have seen the light and are fed up with the left-wing reporting from the so-called "mainstream media". Are we asking too much by giving us "just the facts"? Last thing, may God Bless us all if the "Fairness Doctrine" ever comes back to fruition!
I saw a copy of Newsweek recently
Submitted by Jon Fraud Carry on Wed, 07/16/2008 - 21:14.

I saw a copy of Newsweek recently, it was in an office, it was months old, untouched. I didn't look at it again. Pitiful mess of a rag.
newsweek
Submitted by FRED on Wed, 07/16/2008 - 21:37.

this just makes my day, week, year. another liberal rag down the tubes. fokes when this happens to the NYT I will spring for all the drinks.
Newsweek Changes At The Top
Submitted by Midwester on Wed, 07/16/2008 - 21:37.

I started reading Newsweek as part of a current events course back in college in the early 70's, found it a great read and quickly became a subscriber. As the magazine tilted more and more to the left, they lost me as a subscriber, but I'm still sorry to see the newsweekly category falling deeper in the tank. It's the Internet folks......the same thing is happening to newspapers and things will never be the same for those mediums. I have (and use) instant access to media outlets across the country and around the world for news, finance, opinion and entertainment content that now includes high quality video. It's fresh and there at my convience. The war for audience growth is now online and print did not survive the battle. RIP
and one more thing
Submitted by fred on Wed, 07/16/2008 - 21:39.

If this magagine was on fire I would not P--- on it to put it out.
Newsweek
Submitted by jerrystevens on Wed, 07/16/2008 - 22:07.

Hold your fire my conservative brethren. Newsweek may tilt left, but if so it's been tilting in that direction for a long time. The recent events including layoffs and resignations have been hitting traditional media across the board, not just those left of center.
Newsweek takes another dump
Submitted by Anonymous on Wed, 07/16/2008 - 22:19.

I had been a subscriber for 35 years, starting at age 21, when I canceled because I just couldn't stomach the blatant bias and manipulation any more. George Will every other week was no longer enough reason to renew, much as I liked his columns - I'd get sick of the BS long before I got to the back page. It wasn't a bad rag until 10-15 years ago.
Also saw a Newsweek at my doctor's office...
Submitted by Correct politically on Wed, 07/16/2008 - 22:22.

Looks like Nixon will have to resign over all this Watergate stuff...
NewsweAk RIP
Submitted by Michael Jordan on Wed, 07/16/2008 - 23:03.

NewsweAk RIP
Maybe the Great CHICOM Firewall of the Liberal Media is about to
Submitted by Rick A Hyatt on Wed, 07/16/2008 - 23:27.

... fall. Good to see that average Americans can vote with their wallets, too. Me, personally, I long ago disconnected the propaganda outlets of TV, and printed news rags. Still, it takes effort on the internet to find any real news. Like the way we will soon be very isolated as Red China's economy continues to flood under. THANK GOD.
Newsweek's demise
Submitted by Carolyn on Wed, 07/16/2008 - 23:44.

In the 79's Newsweek would come in the mail and I'd sit down for lunch and read the entire magazine. I cancelled my subscription to Newsweek long ago. I become angry when "supposed news people" write their biased views as if it was truth. This kind of writing is condescending to the people who subscribe. I sometimes wonder if they believe we are too dumb to recognize bias when we see it. Now when I get NewsMax, I immediately sit down and read the entire magazine.
Tired comments
Submitted by Anonymous on Thu, 07/17/2008 - 00:01.

Here is a kit for all of you righties, to help you write your banal comments: be sure to use: rag, left-wing, tank, tilt (tilted left is ok too). Then dig a deep hole and hide your head in the sand as the world changes around you with a liberal black president, a huge Dem. majority in the Congress, and leaders who really care about making this country great again. I am sorry that so many of you see this as a nightmare.
newsweek
Submitted by Anonymous on Thu, 07/17/2008 - 00:07.

glad to see it suffering....hope it goes the way of the dinosaur that it is...clueless...biased...not in touch with the majority of its potential readership. I say good riddance if it has to close down. Newsweek has been irrelevant as a journalistic exercise for at least 20 years...its about time, (no pun intended as TIME is completely useless as its more concerned with trends and celebrity...its totally SHALLOW).
Newsweek
Submitted by Felix on Thu, 07/17/2008 - 00:18.

Didn't know it was still being printed. Most people who want the news don't rely on print news anymore. Those that do still use dial up telephones !
Meachem
Submitted by AuH2O on Thu, 07/17/2008 - 00:34.

That will fix it! ROTTFL!
Left Propaganda
Submitted by Anonymous on Thu, 07/17/2008 - 01:15.

i used to look at the Rag/Newsweek years ago & enjoy some of the general content... It always leaned left.. At this point it is ridiculous,only find use for bottom of cages... The Left has not learned their lesson yet. It'll take a few more years of losing billions in Joseph Goebels type propaganda in media & print before they realize this is THe United States Of America 2008.... Not Nazi Germ or Soviet Union.. Americans may lay low for a time,, but becareful when u wake the sleeping giant..& their wallets..
Print News or Print Opinion
Submitted by Tarmangani on Thu, 07/17/2008 - 01:54.

Don't try to pass an opinion magazine off as news. They could just come out and say they are shills for the left and maybe attract some new viewers that just want to get their mental "pat on the back". The only problem is that they are going to be hard pressed to spin a democrat in the WH and a democrat congress as being a good thing when they have driven the country into financial ruin.
The Slow Death of Magazines like Newsweek
Submitted by John gilford on Thu, 07/17/2008 - 02:12.

Whether you are on the left, the center or the right most of us expect accuracy, objectivity and balance in what we read. Especially, if we have to pay for it. Like many of those that have commented here, I subscribed to Newsweek for many, many years. I, too, stopped my subscription when it moved sharply to the left. Since then I regularly receive ‘special subscription offers’, some of them to renew quite cheaply. But after watching their leftist columnist on television, frequently on MSDNC, I wouldn’t read it now if they gave it to me for free.
Wow
Submitted by Anonymous on Thu, 07/17/2008 - 02:59.

Some of the greatest writers of this generation have written for Newsweek. Print media is falling, not just Newsweek. Anyone who has read both Time and Newsweek should know that Newsweek still remains far superior in quality, despite the fact that both would be labeled as leftist by any conservative. What is so "left" about taking a close and extensive examination of our government, or anything for that matter? Aside from the Jonathan Alter column every so often, there was critical analysis done. Fareed Zakaria, George Will, etc.. It is disappointing to see people turn away from material they simply do not agree with, even though it is good journalism. It is also sad to see people dropping Newsweek for Newsmax, a blatantly bias source. Newsweek always made an attempt to include complicated articles, especially about difficult medical conditions and health in general. I suppose that these comments are from those that still view Bill O'Reilly as a credible source of news rather than an excellent source of entertainment. I assume these are the same people that just want their news quick and easy. This way you won't ever have to think for yourselves, as long as you have Fox News in one hand and a Bible in the other. All problems solved!



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