Latest news with #JuliePendley
USA Today
4 hours ago
- Business
- USA Today
McClatchy shuttering 4 magazines, including In Touch and Life & Style
McClatchy shuttering 4 magazines, including In Touch and Life & Style The reading options at the checkout aisle at your local grocery store may soon look a little different. McClatchy Media Company spokesperson Julie Pendley confirmed to USA TODAY on Monday, June 2 that it is ceasing production of four of its magazines: First for Women, In Touch, Life & Style and Closer. "Despite the best efforts of many of our talented colleagues, we have been unable to develop a profitable business model for four of our magazine titles," Pendley said in an emailed statement to USA TODAY. "First for Women, In Touch, Life & Style and Closer will publish their final editions between June 20 and 27. We are grateful for the meaningful contributions of the affected employees and are providing support during the transition," Pendley added. It is unclear at this time how many staffers are affected by the move. McClatchy, perhaps more well known for its portfolio of newspapers, such as The Kansas City Star, The Charlotte Observer and the Miami Herald, among others, announced in December 2024 it merged with accelerate360, a distribution, logistics and media company. The move combined McClatchy's "essential local journalism" with accelerate360's "engaging lifestyle and entertainment content," according to a news release announcing the merger. A360Media, formerly known as American Media Inc., used to own brands such as the National Examiner and the National Enquirer. The brand also owned In Touch and Life & Style. Move comes after Business Insider lays off 21% of workforce Another media company, Business Insider, is also dealing with cuts as an internal memo last week showed the outlet is laying off 21% of its workforce, according to reporting from Reuters. Reuters reports Business Insider is grappling with "shrinking search traffic and the growing use of generative AI tools such as ChatGPT." In the memo, CEO Barbara Peng told staff the company now generates twice as much revenue for each website visit as it did two years ago, but 70% of its business still has some degree of traffic sensitivity, Reuters reports. "We must be structured to endure extreme traffic drops outside of our control, so we're reducing our overall company to a size where we can absorb that volatility," Peng said in the memo, as reported by Reuters. Contributing: Reuters Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@
USA Today
6 hours ago
- Business
- USA Today
McClatchy shuttering 4 magazines, including 'In Touch' and 'Life & Style'
McClatchy shuttering 4 magazines, including 'In Touch' and 'Life & Style' The reading options at the checkout aisle at your local grocery store may soon look a little different. McClatchy Media Company spokesperson Julie Pendley confirmed to USA TODAY on Monday, June 2 that it is ceasing production of four of its magazines: First for Women, In Touch, Life & Style and Closer. "Despite the best efforts of many of our talented colleagues, we have been unable to develop a profitable business model for four of our magazine titles," Pendley said in an emailed statement to USA TODAY. "First for Women, In Touch, Life & Style and Closer will publish their final editions between June 20 and 27. We are grateful for the meaningful contributions of the affected employees and are providing support during the transition," Pendley added. It is unclear at this time how many staffers are affected by the move. McClatchy, perhaps more well known for its portfolio of newspapers, such as The Kansas City Star, The Charlotte Observer and the Miami Herald, among others, announced in December 2024 it merged with accelerate360, a distribution, logistics and media company. The move combined McClatchy's "essential local journalism" with accelerate360's "engaging lifestyle and entertainment content," according to a news release announcing the merger. A360Media, formerly known as American Media Inc., used to own brands such as the National Examiner and the National Enquirer. The brand also owned In Touch and Life & Style. Move comes after Business Insider lays off 21% of workforce Another media company, Business Insider, is also dealing with cuts as an internal memo last week showed the outlet is laying off 21% of its workforce, according to reporting from Reuters. Reuters reports Business Insider is grappling with "shrinking search traffic and the growing use of generative AI tools such as ChatGPT." In the memo, CEO Barbara Peng told staff the company now generates twice as much revenue for each website visit as it did two years ago, but 70% of its business still has some degree of traffic sensitivity, Reuters reports. "We must be structured to endure extreme traffic drops outside of our control, so we're reducing our overall company to a size where we can absorb that volatility," Peng said in the memo, as reported by Reuters. Contributing: Reuters Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@
Yahoo
3 days ago
- Business
- Yahoo
In Touch, Life & Style, Closer and First for Women Magazines to Shutter, Lay Off Entire Staffs
Four publications have reached the end of the road: In Touch, Life & Style, Closer and First for Women. McClatchy Media Company, which owns and operates the magazines, informed staff on Friday that all four will be sunsetting in the coming weeks when final issues are published by the end of June, The Hollywood Reporter has learned. More from The Hollywood Reporter Sean "Diddy" Combs' Lawyers Question Assistant's Dedication Amid Abuse Allegations Watch 'Off Script With The Hollywood Reporter' Featuring Top Drama Actresses Friday on IFC and AMC+ "Wait, I'm Slapping a Teenager Who's Getting An Abortion?": How the Cast of 'Adults' Pulled Off Their Boundary-Pushing Comedy 'Despite the best efforts of many of our talented colleagues, we have been unable to develop a profitable business model for four of our magazine titles. First for Women, In Touch, Life & Style and Closer will publish their final editions between June 20 and 27,' McClatchy spokesperson Julie Pendley said in a statement to THR. 'We are grateful for the meaningful contributions of the affected employees and are providing support during the transition.' It's unclear how many employees are impacted by the layoffs. THR has reached out for additional comment on the number of staffers affected. The news marks yet another blow to the media and magazine business, which has suffered widespread layoffs and cutbacks in recent years due to declining readership, algorithmic changes, a rise in AI and leaning toward social platforms like TikTok. Just this week, Business Insider confirmed it was cutting its staff by 21 percent in layoffs that would impact every department. The McClatchy shutterings also mark the end of an era for the celebrity tabloid business with the loss of three high-profile titles in the space. Though McClatchy is best known as a newspaper publisher with such newsroom operations as The Kansas City Star, Miami Herald, The Sacramento Bee, Fort Worth Star-Telegram, The Charlotte Observer and more, it expanded its reach into lifestyle and entertainment categories when it merged with accelerate360, a distribution, logistics and media company. It acquired Us Weekly in the merger, and according to a source, that title was 'always the star' above In Touch, Life & Style and Closer, the latter of which covered the older generation of stars while the former two are much more traditional glossy celebrity tabloids. 'It's very expensive to do print these days,' added a source of the closures. 'The numbers are continuously down though there still is value in these brand names so it's still possible that someone could purchase them and keep them alive.' Despite the pullback in print, the magazines boasted online readership and considerable social media followings. On Instagram alone, both Life & Style and In Touch counted north of half a million followers in addition to robust websites. According to an editor letter published by editor-in-chief Liz Vaccariello, First for Women was founded in 1989 and publishes every two weeks. The current focus was on delivering 'guidance and encouragement on everything from beauty and fashion to health, psychology, diet and nutrition. Plus, all things food, family and home,' per Vaccariello. While Hollywood's talent publicists may not be shedding tears today, those who made a living in the celebrity weekly space at one of the publications are having a tough time. 'Just another black Friday in the tabloid business,' said a source with a sigh. Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire
