Newsweek plans to end its print publication after 80 years and will shift to an online-only format starting in early 2013. Job cuts are expected.
Newsweek's last U.S. print edition will be its Dec. 31 issue.
Barry Diller, the head of the company that owns Newsweek, had announced in July that the publication was examining its future as a weekly print magazine.
The announcement of the change was made by Tina Brown, editor-in-chief and founder of The Newsweek Daily Beast Co., on The Daily Beast website Thursday.
Brown said staff cuts are expected, but didn't give a specific figure.
Brown said that the online publication will be called Newsweek Global and will be a single, worldwide edition that requires a paid subscription. It will be available for tablets and online reading, with certain content available on The Daily Beast website.
In August, The Post-Standard in Syracuse announced it's plans to reduce printing for home delivery and newsstants to three days a week beginning in January 2013 when the Post-Standard and Syracuse.com join together to form a new digital company called Syracuse Media Group.
(Information from the Associated Press was used in this report.)