'Time,' 'Newsweek' Eye 'Economist'

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NEW YORK U.S. News & World Report‘s decision last week to abandon the news-weekly model follows its progression to focus on online service journalism.

The radical step isn’t in the cards now for rivals Time and Newsweek, also under pressure as readers and advertisers shift online. Still, circulation economics would seem to dictate they’ll continue to shrink rate bases while aiming at a smaller, opinion-leader audience.

Both titles have recently cut their rate bases and issued redesigns inspired by the 747,254-circ The Economist.

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