http://www.youtube.com/watch?v=1MMXvU4O9OANoted physicist and amateur psychologist Albert Einstein said, “Insanity is doing the same thing over and over again and expecting different results.”
The Washington Post reports that Time and Newsweek are getting “smaller, more serious, more opinionated and, though they are loath to admit it, more liberal. They are pursuing a more elite audience, in print and on the Web, abandoning the old Henry Luce notion of catering to the masses. It is nothing less than a survival strategy.”
Time says it was marginally profitable last year, but Newsweek lost money. Time has reduced its guaranteed circulation to advertisers from 4.1 million to 3.25 million. Newsweek lowered its from 3.1 million to 2.6 million and is considering lowering it again.
Although we cannot verify it, we’ve been told the attached video may have been shot during a recent editorial board meeting at Time. Or Newsweek. Take
your choice.
