Newsweek cuts circulation by 50%.

Howard Kurtz, in the Washington Post, which owns the magazine, has the details. Newsweek lost $20 million in January-March. Earlier, when Newsweek proclaimed the “fall of Christianity,” I wrote the story behind the story was Newsweek’s own fall. Newsweek plans to imitate the Economist by becoming smaller and more elite, but evidently seeks to pick up Economist readers by challenging the British magazine’s more positive view of religion.