Newsweek Inc. for $1

This is really sad. First, TV Guide, then followed by BusinessWeek. Newsweekly era is now officially over. These magazines used to have an enormous media stature in 60s/70s. People used to run to newsstands every week to get them and find out what are the most pressing issues around the world, around the US. If a person or a topic was featured on the cover, it’s heavenly respected. But glory days are all over now. Did internet and its companion devices wipe these papers out from public’s interest? Random online ads killed traditional news ads?
Hope these giant publishers continue to produce quality contents, perhaps by forging allies with that merciless internet. I believe well-crafted, polished articles can still win groundless rants of personal (or even professional in that case) blogs!