US: Magazine industry struggling
Posted by Lauren Drablier on October 31, 2008 at 9:04 AM
More newspapers are reducing print editions and redesigning them in order to provide a more magazine-style publication in order to allure readers and advertisers. However, magazines are also taking a big hit, just like newspapers, with decreasing ad revenue and stiff competition from the Internet.
Yesterday, Condé Nast Publications Inc. announced that Men's Vogue would be reduced to a biannual supplement with a staff of two people.
In addition, the business magazine Portfolio laid off most of its Web Staff as well as a number of editors and writers and reduced publication to 10 times a year.
Three other magazines, including 02138, Radar and Culture & Travel, recently announced that they were closing their titles. American Express Publications has also announced plans to cut jobs and Time Inc. has revealed a major restructuring plan.
According to WWD, this proves that no one in the print industry is immune from the aftershocks of the economy's crisis.
Source: Women's Wear Daily
Three other magazines, including 02138, Radar and Culture & Travel, recently announced that they were closing their titles. American Express Publications has also announced plans to cut jobs and Time Inc. has revealed a major restructuring plan.
According to WWD, this proves that no one in the print industry is immune from the aftershocks of the economy's crisis.
Source: Women's Wear Daily
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