Haymarket Publishing is to close its Revolution and Media Week magazines, as part of a major restructuring programme. Media Week will continue online, with a full-time digital editor taking the reins. It will be integrated into the existing Brand Republic portal. A "centralised hub" of reporters will now cover news from the media, advertising and marketing sectors for the website.
Meanwhile digital media publication Revolution will become a quarterly supplement within Marketing magazine. Revolutionmagazine.com will also cease to exist as a standalone entity, with the site absorbed into Brand Republic over the coming weeks.
23/11/2009
Haymarket's other media titles, Marketing and Campaign, will be unaffected by the cuts.
Today's print edition of Media Week, dated November 17th, will be the last for the businesses-to-business (B2B) publisher. Around 18 media jobs (out of 58) will be lost from the division.
Jane Macken, managing director of Haymarket Brand Media, said: “We will do everything we can to keep job losses to a minimum, and we are looking to redeploy affected staff in other parts of the group. I would like to place on record my appreciation of the efforts of all our editorial staff. Throughout a very difficult time they have continued to produce editorial content of exceptionally high quality.”
The December issue of Revolution will be its final as a monthly publication, after which it will exist as a quarterly supplement to Marketing magazine.
Subscribers to Revolution magazine will now receive the quarterly supplement in addition to Marketing every week.
Gareth Jones, Editor at Revolution, said: “It's no secret that it's been a challenging year for the publishing industry, and as a consequence Revolution's parent company Haymarket Media Group has taken the tough decision to scale back the brand.”
