BNP Media Shutters Five Magazines, Laying Off Numerous Staffers

BNP Media is shuttering five of its trade magazines and merging others in a round of downsizing that will see several employees let go over the coming weeks. Appliance Design, Ceramic Industry, Hotel F&B, Reeves Journal and the Spanish-language Industria Alimenticia will each shut down by the end of May—some as soon as this week—while Brand Packaging will be folded into Packaging Strategies and Flexible Packaging, bimonthly SNAP into its sister title Architectural Record, and Distribution Trends into HVAC industry weekly The ACH&R News. "Given the past performance of these brands, the current marketing conditions, and the foreseeable future, it does not make business sense to continue them," said an internal memo sent out Monday, March 18. "This is not an easy decision but one that we believe is best for the overall health of BNP Media." Impacted employees were notified of the cuts the previous Friday, March 15. Current staffers, on condition of anonymity, said the layoffs extend beyond just the magazines being shut down and that further cuts are expected, but couldn't put an exact number on the amount of employees being laid off. Reps for BNP Media declined to share specifics. "The three titles we are merging had become redundant with some of our larger titles. It just made sense to consolidate our efforts," Tagg Henderson, co-CEO of BNP Media, tells Folio:. "While we made every effort to succeed with the discontinued titles, the markets they serve had become too... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2019-03-26 00:00:00 UTC ]
News tagged with: #media brand #regional magazine #careful consideration #hard work

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Rogers Media Cuts 60 Staffers, Shutters LouLou Magazine

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Hearst Is Laying Off Over A Dozen Staffers At Women’s Health Magazine

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Lucky Magazine Lays Off About 10 Staffers

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Pop-Up Magazine Rethinks the Definition of Magazine Media

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The Media Equation: Huffington Magazine Continues Digital Media’s Incursion

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What Made 2019 a Good Year for Magazine Media

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Hour Media Acquires Six More Florida-Based Lifestyle Magazines

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Exclusive: TEN Publishing Is Shuttering 19 Car Magazines

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FUSE Media Speaker Spotlight: Sheel Shah, Hearst Magazines

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