Wednesday, February 10, 2016

HuffPo reports that Rogers is considering closing Canadian Business magazine

The Huffington Post today published a story that suggests Rogers Media is considering closing down Canadian Business, one of the country's oldest magazines. I say "suggests" because it is based on some anonymous sources said to be Rogers insiders. More alarmingly, it also quoted Phil Lind, a Rogers board member whose view seemed to be that the magazine might be a victim of both audience and ad revenue problems, even though it has a circulation of 85,000 and 335,000 unique visitors on digital devices.
Canadian Business is losing subscribers and “there is no money to be had,” Phil Lind, the vice-chairman of the board at Rogers Communications told HuffPost on Monday. 
The company’s venture into Texture, the re-named magazine app first launched as Next Issue, hasn’t been as profitable as expected, he added, and Rogers’ television stations are also struggling.
Recently, Rogers also announced that it would be cutting some 200 jobs in its magazine division.  



Anonymous Anonymous said...

Yeah, whatever you say, HuffPo.

3:29 pm  
Anonymous Anonymous said...

Maybe talk to your son...or disclose that he works at CB, at least, to get the real story. I mean, really.

6:35 pm  
Blogger D. B. Scott said...

Thanks for suggesting I talk to my son, as though I wouldn't have thought of that! I might not have posted anything, except for the fact that the HuffPo story, based otherwise on anonymous sources, quoted Phil Lind, vice-chair and director of Rogers who normally would NEVER talk for the record about media.

6:38 pm  
Anonymous Anonymous said...

Anonymous #2, Rogers Publishing brass already told staff there are no plans to close CB or Maclean's so the real story is that there is no story.

2:59 pm  

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