Newsweek on Monday fired all of its top staff amid turmoil that has upended the newsroom .In a company meeting, several editors announced that the outlet had fired Editor in Chief Bob Roe, Executive Editor Ken Li and reporters Celeste Katz, Josh Saul, and International Business Times editor Josh Keefe.
Newsweek has a reputation as fake news publisher.
We use the definition of fake news as the use of exaggerated, emotionally laden, often false, click-bait reports as means of generating Likes and Shares for selling eyeballs to advertisers.
Newsweek is discovering that pretending to be a legitimate news service is not the best way to run a news business.
Last time Newsweek went up for sale, it sold for one dollar. What do you think its market value is today?