This is TELL ME MORE, from NPR News. I'm Michel Martin. Coming up, we take a look back 25 years to the 1987 stock market crash, which some people still call Black Monday. We'll talk about how that even compares to the more recent market turmoil and if there's anything we can learn from it about market ups and downs today.
Saying that "we have reached a tipping point at which we can most efficiently and effectively reach our readers in all-digital format," editor Tina Brown announced this morning that Newsweek's Dec. 31 issue will be its last print edition.
Going forward, she said:
"Newsweek will expand its rapidly growing tablet and online presence, as well as its successful global partnerships and events business.
Let's go now to a different type of media: late night television, where huge changes are afoot. Jimmy Kimmel is getting a better time slot. Arsenio Hall is coming back. Jay Leno took a pay cut, and Jon Stewart cleans up at 11 o'clock.
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JON STEWART: Yes! President Barack Obama decided to attend this debate. And the two candidates can finally have a truthful, substantive discussion about how much they (bleep) hate each other.
NPR's business news starts a plan to save the euro.
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MONTAGNE: A week after the European Union won the Nobel Peace Prize, its leaders are meeting in Brussels to discuss strengthening their fiscal union to help stabilize European economies. Any the afterglow from receiving the peace prize has been dimmed by renewed divisions on how best to tackle the debt crisis, which suggests that this meeting won't make much progress.
Earlier this week, a Japanese company announced a $20 billion bid for a majority stake in Sprint-Nextel, America's third-largest mobile carrier. The deal was launched by the CEO of Softbank - an executive who says he has a 300-year business plan and who is fond of making investments his peers call crazy.
Lucy Craft has this profile.
LUCY CRAFT, BYLINE: In a society where conformity, conservatism and harmony are virtues, CEO Masayoshi Son breaks all the rules, says his biographer, Shinichi Sano.
Israel's newsstands are looking noticeably less crowded these days, as a crisis in the Israeli press threatens several of the country's oldest publications. Media experts in Israel say that market competition and a tendency to buy political influence through media ownership have crippled Israel's once-thriving newspaper market.
Watching a presidential campaign, it's easy to think that the nation is deeply divided over how to fix the economy. But when you talk to economists, it turns out they agree on an enormous number of issues.
So we brought together five economists from across the political spectrum and had them create their dream presidential candidate. Over the next few days, we'll have a series of stories on our economists' dream candidate. We start this morning with some changes to the tax code.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
We begin this hour with major fallout for Lance Armstrong. Last week's scathing report from the U.S. Anti-Doping Agency linked Armstrong to a widespread doping program in cycling. Today, Armstrong stepped down as chairman of the foundation Livestrong, which he created to support those with cancer. Armstrong also lost major sponsors, including longtime supporter Nike. NPR's Tom Goldman begins our coverage.