Eight Australian magazines will disappear from newsstands as financial stress from the coronavirus pandemic continues to hurt the media industry.The axed titles are Harper's Bazaar, Elle, OK!, Men's Health, Women's Health, Good Health, NW and InStyleThe axing comes after Bauer Media Australia was officially sold last week
In making the announcement, Bauer Media Australia cited declining advertising revenue and travel restrictions as major factors in the decision. Harper's Bazaar, Elle, OK!, Men's Health, Women's Health, Good Health, NW and InStyle are the titles that will no longer be published.The chief executive of Bauer Media Australia and New Zealand, Brendon Hill, said the uncertain future made the publications unviable."No-one could have anticipated the swift, widespread and ongoing impact of the pandemic on our business and industry.
The company then announced it would be sold to Mercury Capital — a deal which was completed on July 15.
kazstar99 oh no! how will they spread their gossipy lies with only woman’s weekly!?
Sad, but weren't magazines on the way out anyway...?🎶 'Social media killed the magazine star...' 🎶 (To the tune of...:
consumer pays model....
I only miss cartoon books that used to come in colour once upon a time.
Sorry, I didn't realise magazines still exist.
So not to do with biased partisan journalism getting way out of hand like with the ABC recent cuts
I stopped buying that garbage after they killed Diana.
What a loss. To be fair, Taste was ok, but worth losing it to get rid of the rest.
Thank god the 4WD mags are saved