Newsweek will print its final edition at the end of this year.
After nearly 80 years of publication, the news magazine will shift to a digital-only format, available online and on tablet computers, Editor in Chief Tina Brown said on the magazine's website Thursday morning. Its last printed edition will be the Dec. 31 issue.
"We are transitioning Newsweek, not saying goodbye to it," Brown said. "We remain committed to Newsweek and to the journalism that it represents. This decision is not about the quality of the brand or the journalism -- that is as powerful as ever. It is about the challenging economics of print publishing and distribution."
The digital-only publication, supported by paid subscriptions and dubbed Newsweek Global, will be aimed at a "highly mobile, opinion-leading audience who want to learn about world events in a sophisticated context," Brown said.