Newsweek Projected to Lose at Least $22 Million This Year

Well, I wonder why?

See Bloomberg, "Newsweek Owner Says Magazine Will Eventually Shift Online."

British ex-pat and Newsweek executive editor Tiny Brown denies it, "Scaremongering."

But see The Other McCain, "Not Surprising: Tina Brown’s ‘Newsbeast’ Still Losing Millions of Dollars a Year."

IMAGE CREDIT: "Barebackers for Barack, UPDATED! — Andrew 'Milky Loads' Sullivan Cover Story at Newsweek, 'The First Gay President."