End of the road for Russian Newsweek

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The Russian-language edition of Newsweek hit the stands for the last time on Monday "for economic reasons," the magazine's German publisher said.

"We are proud that Russian Newsweek has been prominent, award-winning and met the highest standards of journalistic work for six years," Axel Springer Verlag said in a statement.

"Unfortunately, we failed to put the magazine on a firm commercial footing that would give it a future," it said.

The company, active in 35 countries with over 170 newspaper and magazines titles, including Germany's biggest daily, Bild, has been under licence since 2004 from Newsweek Inc. to publish the Russian version.

© 2010 AFP

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