The Press: Trimming Sail

In the editorial eyrie of Newsweek, on Manhattan's 42nd Street, walls began coming down in mid-October. As workmen remodeled three little offices into one big one, staffers jittered over rumors that the masthead might be remodeled too.

Last week Malcolm Muir, editorial board chairman, announced that 20 staffers (including ten researchers, two writers, one Washington reporter) were being fired for economy and "sounder operations." Although Newsweek (circ. 759,900) was grossing more than ever, Muir said that soaring costs had put its combined operations slightly in the red for several months of this year. On Jan. 1, it will abandon its special Pan-American...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!