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.
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.”