• The Wall Street Journal, Wednesday, June 17, 2009 9:30 AM

Newsweek will cut an issue this summer, in yet another sign of the deteriorating print advertising climate. The Washington Post-owned weekly typically skips a week of publication around the Fourth of July and another in August, printing double issues instead. This summer Newsweek readers will receive three double issues: two in August, and one in July.

The decision comes less than a month after Newsweek unveiled a redesigned magazine that dropped its focus on breaking news in favor of columns and narrative features. Newsweek said it also is curtailing its guaranteed circulation and targeting a more highbrow audience.

A Newsweek rep says the decision to skip another issue in August was made before the relaunch and "is definitely not a result of the magazine's performance" since then.

Read the whole story at The Wall Street Journal »