The number of magazines closing soared nearly 77% in 2014 as 99 titles shuttered this year, compared with 56 closures in 2013.
Oxbridge Communications' online publication database MediaFinder.com reports that 190 magazines launched in 2014, up from 185 a year earlier.
Regional titles were the top category with 23 launches (California Sunday Magazine, Annapolis Underground), followed by health (Mantra Yoga + Health), food (Eat This, Not That!, The Cleaver Quarterly), home (Interior Appeal, Everyday Home), and children (Fun to Learn Peppa Pig, Sofia the First), all with six new titles.
Forty-seven new titles launched in the B2B category (IEEE Cloud Computing), but 27 shuttered, including ABA Banking Journal, compared with 14 closings in 2013.
Magazine closures included USA Weekend, Macworld, WWE Magazine, Diabetic Cooking, Scene (NY), Popular Hot Rodding, along with nine other Source Interlink automotive titles.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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