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Quad/Graphics say Newsweek loss will have "negligible" financial impact

by
Newsweek
Newsweek

SUSSEX, WI (WTAQ) - Wisconsin’s largest commercial printer says the financial impact will be “negligible” when it stops printing Newsweek magazine at the end of the year.

Newsweek – an American institution for 80 years – said Thursday it would stop printing magazines, and publish solely in electronic formats like the Internet and tablets.

Quad/Graphics has printed Newsweek for almost 35 years. But Quad spokeswoman Claire Ho says the magazine has struggled and reduced its print counts for a long time.

She said her company’s work for Newsweek is, “insignificant to our overall business.” And Ho said no jobs would be cut at Quad-Graphics as a result of the move. Ho added that Quad is, “sad to see this venerable newsweekly end its print edition.” She said the company’s Hartford plant prints Newsweek – and it’s also printed at Quad plants in Merced California and Saratoga Springs New York.

But not all magazines are going the way of Newsweek.

Just a few weeks ago, Quad announced a $900 million long-term agreement with Time Incorporated to handle 85 percent of its total printing for 19 publications. 

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