Six Canadian Business staffers and EIC of MoneySense magazine fired

Ian McGugan, the editor of MoneySense magazine, who was the founding editor-in-chief of the publication since it was launched in 1999, has been dismissed by Rogers Publishing. Six staff members of Canadian Business were also fired, according to a report in Mastheadonline.

CB executive editor Scott Steele, features editor Andy Holloway, staff writers Sharda Prashad and Jeff Sanford, online managing editor Greg Enright, and photo researcher David Lee were all let go.

Suneel Khanna, senior director of communications at Rogers Publishing, confirmed that seven editorial jobs were lost. The magazines are “strategically shifting focus,” Khanna said. “Effectively all the positions will be replaced."

The dismissals are fallout from a recent major senior management shakeup at Rogers. Longtime Canadian Business publisher Deborah Rosser was fired in June and replaced by Ken Whyte, the publisher and editor of Maclean's. Soon thereafter, CB editor-in-chief Joe Chidley was moved over to be editor and associate publisher of the special projects unit at Maclean's and Canadian Business. And Steve Maich moved over to CB as editor-in-chief.