Wednesday, November 30, 2016

60 will be laid off at Rogers Media's French magazines by year end

As of December 31, 60 employees of  L'Actualité and the French versions of Châtelaine and Loulou will be out of work and only 20 employees will remain at the Rogers Media French language magazine division. 
According to a CTV Montreal story, the company, which announced in September that it was putting most of the French language magazines up for sale (and selling off its business-to-business titles in both English and French) is in negotiations to sell the well-respected newsmagazine L'Actualité. A deal should be announced within a few weeks.  
According to a Financial Post story, 
The layoffs also come in advance of plans to halve French-language lifestyle magazine Châtelaine’s print schedule to six issues per year, beginning in 2017. This mirrors previously announced changes to its English-language counterpart, Chatelaine. Both publications will continue to publish regularly through digital platforms. 
In September, Rogers said it intended to sell Châtelaine, but [Rogers spokesperson Andrea] Goldstein said the company has since reevaluated and was “able to create a model that could support the continuation of the brand in French.” 
Finally, after failing to find a buyer for women’s magazine LouLou, Rogers will close the English and French language versions of the publication at the end of the year. Rogers said it was unable to close deals with potential buyers who expressed interest.

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