Wednesday, August 15, 2018

Rogers Communications seeks to sell 8 digital and print assets in a package deal

Rogers Communications Inc. is seeking a buyer for a package of eight of its digital and print magazine assets, including Maclean’s, Canadian Business, MoneySense, Today’s Parent, Hello! Canada, Flare and Chatelaine’s French and English editions − as well as its custom-content group according to a story in the Globe and Mail.

The company is looking for a comprehensive deal, including all of the publishing assets on offer, rather than selling them individually.

The Canadian Imperial Bank of Commerce has been retained to manage the sale.
The magazine sale process comes after Rogers Media laid off 75 full-time employees in June, reducing the size of its digital content and publishing staff by a third. Rogers said at the time that the cost-cutting was designed to keep its publishing business “sustainable.” If a sale were to occur, Rogers would still be in the digital publishing business, largely with websites and apps related to its broadcast businesses, such as CityNews and Sportsnet. Rogers faces challenges seen across the industry, as growth in digital advertising has not been sufficient to make up for steep declines in print revenues.

According to information Rogers provided to potential buyers, the magazines had $12-million in print advertising revenue last year, and $9.5-million in digital ad sales; print circulation accounted for $16.5-million in revenue while digital circulation was roughly $600,000.

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Tuesday, August 14, 2018

Matthew Holmes leaving as president and CEO of Magazines Canada

Matthew Holmes, the president and CEO of Magazines Canada, a role he has held since January 2016, is leaving by the end of August. Holmes will be returning to work in post-secondary education heading up government and industrial relations at Queen's University. A search is underway for his replacement, led by Scott Jamieson, the chair of Magazines Canada and the hiring committee plans to fill the position by fall 2018. 

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Advanced Feature Writing with David Hayes

David Hayes is known as not only an excellent magazine freelancer but also an excellent teacher of those who wish to emulate him. His evening course at Ryerson University's Chang School, Advanced Feature Writing (CDJN 118), is intensive, focussed on getting real story ideas published in real magazine markets. Several students each term sell what they write. Expect to hit the ground running and to keep up the pace for 13 weeks, starting Thursday, September 13, 6:30pm. Sign up now.   

Read more about the course on Hayes's own blog:

Monday, August 06, 2018

Mag world view: UK Print ads up; Hearst departure; Eddies and Ozzies; NatGeo reorganizes, top 3 out