According to a report on Media Grauniad, Tribune is to announce its closure. Again.
It was pulled from the brink two years ago when it was bought by Kevin McGrath. At that time it was reported as selling fewer than 4,000 copies a week and since the purchase, according to the Graun, “the magazine has missed circulation and revenue targets”. You don’t say.
Private Frazer is still waiting for the axe to fall on New Statesman, but it seems Mike Danson has deeper pockets than Mr McGrath.
New Statesman have decided that charity doesn’t begin at home and have axed Charity Insight, the controlled circulation, advertising-supported (I know, I know) title they launched just last October.
The editor writes:
As many of you know – or have heard on the grapevine – Charity Insight is to close. … the current economic climate combined with the company re-focusing its direction within other areas of the business means … the issue that is due to land on your desks any day now will be the last one.
Hat tip to John for this news.
Today we’ll be looking at the news and current affairs market, The Economist, The Spectator, New Statesman, The Week and Prospect. Who’s doing well, who’s surviving, and who’s waiting for the defibrillator? (more…)