About 20% of Newsweek's staff took a recent job buyout offer, according to a Wall Street Journal story today. That's a pretty big number, but nothing all that new in the news business.

The real news IMHO is the fact that magazines publishing on a weekly basis still exist at all.

Think about it. TIME. Newsweek. BusinessWeek. Just about the only thing that differentiates them is their weekly schedule.

Now, once upon a time this was indeed a differentiator. But today, with both up-to-the-minute news and context/opinion available from myriad sources, what's the point of a "weekly?" The Journal story picked up on this point somewhat: