15 months after launch, Newsweek magazine is dropping it's entire London based print team.

The European edition of Newsweek was relaunched just 15 months ago, but it is said to be making a loss.

Despite this, the US version of the title is still profitable.

Richard Addis was the editor of the magazine, which had an average print circulation of 70,000.

Newsweek's European edition was not externally audited, however.

Addis had a history of long-form journalism. His big stories included: an investigation into the crime boss behind human trafficking in Europe, an expose of Vladimir Putin's private life and an interview with former Labour Prime Minister Tony Blair.

With the closure of Newsweek's London office comes job losses for eight journalists, two commissioning editors, two sub editors, two picture editors and two designers.

Although Newsweek Europe will still continue in print and online, all future editorial content will closely follow the US edition.

Newsweek's print edition was scrapped in December 2012, after 80 years in print.

It was relaunched in March 2015 by IBT Media.