Apparently, there are some people who now consider ink-on-paper to be a "luxury product." Also, print is a good prop:

Steven Cohn, editor in chief of Media Industry Newsletter, said Newsweek’s decision to print the magazine made good business sense.

“The print magazine is kind of a prop to give the web better exposure,” Mr. Cohn said. “For Newsweek, having a cover can have its advantages. You can appear on ‘Meet the Press.’ Celebrities and politicians like being on actual covers on the newsstand. They have stripped the costs way down. So really, what do they have to lose?”

Hooray for print!? One issue of the resurrected Newsweek print edition will cost $7.99.