The Daily Beast has let the world know that Newsweek faces eviction and a whole other slew of very bad problems. Newsweek was always seen as "serious journalism." What it was is arrogant journalism. If Newsweek dies, another rancid misapplication of the profession is gone, but someone could always buy the name at a fire sale price, but it won't bring in the readers.
It's name has been tarnished beyond repair. It could not keep up pretences. I doubt it will survive. It was too clueless for too long, and at the end, no one knew what they were supposed to be doing.