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IBT Media will seek to turn Newsweek into "a daily habit". Creative Commons

Beginning 2014 Newsweek will resume publication of a weekly printed magazine. Last year the struggling publication stopped their paper edition and became an online news source. Newsweek was recently purchased by Latin Times' parent company the IBT Media. In an interview with the New York Times Newsweek editor in chief Jim Impoco said that the magazine will be relying on subscriptions to earn and pay its bill rather than advertisers. Readers subscribing to Newsweek will be paying a higher subscription rate than in the past.

"It's going to be a more subscription based model, closer to what The Economist is compared to what Time magazine is," Impoco said to the Times. "We see it as a premium product, a boutique product." Newsweek has had a rough time the last few years having been sold more than once. The publication also went through a failed merger with The Daily Beast. In 2010 the Washington Post sold Newsweek to Sidney Harman for $1. Herman also assumed $40 million in liabilities before joining up with Tina Brown's The Daily Beast.

Brown had a difficult time getting the magazine back on its feet and when the print edition went under in 2012 senior staff began to jump ship. Seven months after the print edition was canceled IBT Media bought Newsweek. Impoco did not say in his New York Times interview why IBT Media changed their minds about reviving the Newsweek print edition. The Daily Beast greeted the news with enthusiasm on Tuesday when they stated, "A historic title is back from the dead."

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