Canadian Publishing Industry News
31 March 2022, TORONTO
NOW reduces print issues
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Now plans to print an issue in April and one in early May. The magazine said it had faced particularly acute challenges from COVID, as revenue from local advertisers that have historically supported it, including arts culture, entertainment and food and drink, have shrunk.
The news comes on the heels that parent company Media Central Corp. defaulted on payments to creditors in the amount of just over $1 million. The creditors have announced they will enforce their claim against Media Central’s assets.
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Jaded says: | |
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
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