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IAC/InterActiveCorp., which controls Newsweek, plans to announce a digital plan for the magazine this fall, though it’s unclear how that will affect the print publication.
Bloomberg reporter Edmund Lee, who listened to IAC/InterActiveCorp’s earning call, tweeted, “Barry Diller says there will be a plan in place later this year to take Newsweek digital only.” He tweeted later that he had confirmed this with a public relations representative.
All Things D’s Peter Kafka has a different take, saying his understanding is that Diller is “thinking about going Web-only with Newsweek, but hasn’t committed to it.” Kafka says he confirmed that understanding with a public relations rep.
Politico’s Dylan Byers has a similar take as Kafka, based in part on an email from the same person Kafka talked to.
Kafka posted his transcription of the relevant portion of the call. Read more