Monday, July 23, 2012

Say Goodbye to 'Weekly Reader' - Business - The Atlantic Wire

Say Goodbye to 'Weekly Reader' - Business - The Atlantic Wire:


Say Goodbye to 'Weekly Reader'

Scholastic has owned Weekly Reader, a magazine aimed at children and what can only be described as a grammar school must-read, for about six months and today they've announced that they're shutting the 110-year-old publication down. "Like all papers, Weekly Reader was struggling with changes roiling the print world and was under pressure to develop digital editions. Along with school budget cutbacks, those challenges were compounded by ownership turmoil that left the paper with few resources to invest," reports The New York Post's Josh Kosman and Keith J. Kelly.  More specifically, sources told Kosman and Kelly, "subscribers to each of the most popular editions, which cost as little as