TI Media announces proposed Now magazine closure
Date Posted: Wednesday 20th March 2019
TI Media today announces it has entered into consultation with staff on the proposed closure of Now magazine. If the outcome of the consultation is closure, the final issue of the magazine will go on sale on 2 April 2019.
Angie O’Farrell, group managing director, lifestyle and women’s weeklies at TI Media, says: “The changing dynamics of the celebrity market – with consumers increasingly getting their fix of celeb news and gossip from other sources that can break stories immediately - means this audience is buying fewer and fewer magazines. As recent closures highlight, this is putting the celebrity market under relentless pressure. Now’s circulation has been falling steadily over the past five years and with that decline forecast to continue, alongside a drop-off in advertising revenue, the magazine is simply no longer sustainable. It’s on this basis that we’re proposing to close Now and focus on the remaining titles in our Life & Style portfolio.”
The celebsnow.co.uk website will continue to be live.