Newsweek has been put up for sale by its owners the Washington Post Company who own the title since 1961. The decision to sell the weekly title comes one year after the publication went through a major redesign.

The redesigned Bloomberg Businessweek has hit newsstands with a cover story on Goldman Sachs. The relaunched title now features three departments: the news-driven Sections, Features and Etc., which covers the workplace and life away from it.

A Pakistani version of Newsweek is to hit the shelves from September this year. Newsweek Pakistan will cover international and local news, and will be produced under licence with local media company AG productions. It marks the publication's eighth local edition and begins with a print run of 30,000 copies, four times more than its current circulation in the country.

Following the collapse of Reader's Digest UK last month, around 100 potential buyers for the publisher have approached the administrators, which confirmed that around 25 of these have a "clear and credible interest" in purchasing. The administrators also confirmed that the April edition of the Reader's Digest will be published later this month, and that ad bookings are still being taken through to July.

Digital media's arrival hasn't been easy on magazines but as mobile devices added capabilities, app stores took off and the dawn of e-readers and tablet computers finally arrived, magazines have pushed aggressively to participate, experiment and hopefully make money from the new opportunities presented.

You could be forgiven for wondering why magazines keep adding interactive bar codes and icons, those symbols that let camera phones fetch extra content or special offers, once you realize how few readers use the things. See how small the numbers can be and why some publishers and advertisers think that's okay!

Global business and culture magazine Monocle is teaming up with BBC World News for its own TV show. A weekly half-hour show is to air on the news station from the second quarter of this year and is expected to act as an extension of the magazine's print output.

Struggling business magazine BusinessWeek is being rescued by financial media group Bloomberg, which has stepped in to buy the title for a sum believed to be somewhere between US$2m and US$5m. Bloomberg is also expected to assume responsibility for some upcoming liabilities including staff redundancy payouts.

The acquisition should be a good fit for Bloomberg, which will now have a weekly outlet for its varied business content.

Vogue publisher Condé Nast has announced it is to close four US-based titles: the foodie Gourmet, wedding magazines Modern Bride and Elegant Bride, and parenting title Cookie. Some remnants of the brands will linger; Gourmet's book publishing and TV content operations will continue, and the company's most popular wedding magazine - Brides - is to double its frequency to monthly to soak up some of the demand from its closed sister titles.

The FT says it is redolent of Harry Potter. Next month's Entertainment Weekly will run ads from CBS and Pepsico in an experimental wafer-thin video format; the video will start playing when the appropriate page is turned. The videos will feature Monday-night TV content as well as an ad for cola.