Newsweek Magazine sits for sale at a news stand on October 18, 2012 in New York City. Tina Brown, editor-in-chief of The Newsweek Daily Beast Co, announced today that the 80-year-old news magazine will publish its final print edition on December 31 and shift to an all-digital format in early 2013. Staff layoffs are expected. (Photo by John Moore/Getty Images)

Newsweek Ends 80-Year Run

The 81-year-old publication is the latest victim of the digital revolution, CBS 2’s Mike Parker reports.