As a result of the COVID-19 pandemic, Bauer Media have made the difficult decision to cease publication of 8 of their magazines.
The company has confirmed Harper’s BAZAAR, ELLE, InStyle, Men’s Health, Women’s Health, Good Health, NW and OK! will no longer be published.
“Whilst we were very optimistic with an ambition to bring back all staff currently on stand down and return all titles in a few months, the lack of long term advertising market confidence and the escalating situation in Victoria and NSW is an unfortunate sign that the impact of Covid is ongoing and unrelenting,” Brendon Hill, Bauer Media ANZ CEO, said in a statement.
“Whilst we were beginning to see promising signs short term, the market remains too volatile to confidently forecast the next 6-12 months. Consequently, and most significantly, as part of these closures we will lose a number of our exceptionally talented, hardworking and loyal colleagues who are currently on stand down.”
BREAKING | Bauer Media announces the closure of 8 magazines amid coronavirus crises. Institutions such as @ELLEaus, @harpersbazaarus and @MensHealthAU, gone. Very hard news. pic.twitter.com/ymGiSWbC8H
— Airlie Walsh (@AirlieWalsh) July 21, 2020
Do you still buy magazines? Let us know in the comments!
