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BREAKING: Caxton's board decides to close its magazine division

The Board of Directors of Caxton & CTP Publishers & Printers Limited (Cat) has announced that it has begun a process of withdrawing from magazine publishing and associated businesses.

It states that, "The steady and continuous reduction in the overall amount of adspend being allocated by advertisers to the magazine media sector as well as the decline in circulation revenues has, over a number of years, significantly reduced the viability of the magazine business.

"Further, the negative impact of the recent Covid-19 lockdown on general economic activity and, as a consequence, on the ability of the business to trade normally in what were already difficult trading conditions for magazine publishers has made this decision unavoidable."

Advertisers will benefit from continued use of trusted media

Media has a key role to play in shaping how we think and act during these uncertain times. South Africans are seeking out trusted, reliable sources of news and information, yet publishers across the board are suffering catastrophic losses of revenue as many advertisers reduce, pause or even stop advertising during lockdown...

By Josephine Buys 30 Apr 2020


In the statement released to the media, the group states that, "The Covid-19 lockdown has seen a significant downscaling of activities by all the group’s clients.

"The high level of cancellations of advertising in the period leading up and over the lockdown period has already had a major impact on trading aggravated by the concern that this revenue will be permanently lost and will place serious extra pressure on the magazine business and the group as a whole.

"As such, the significantly reduced levels of revenue exacerbated by the potential long-term impacts of Covid–19, combined with reducing circulation numbers are insufficient to sustain the business in the short and long-term.

"In view of these challenges, the group has decided, in principle, to close its magazine division."

BREAKING: Associated Media Publishing closes its doors permanently after 38 years

Associated Media Publishing has announced that it will be closing its doors permanently...

30 Apr 2020


The group also states that whilst this has been a difficult decision, it has been unavoidable in the interest of the Group as a whole. The company is in the process of consulting with its employees.

The group has advised that it would be keen to engage with any other parties and publishers who would be interested in taking over any of its titles.

SA publishing industry reels from news of AMP's closure

Associated Media Publishing was one of the country's best magazine media publishers. Covid-19, and its side-effects, has taken one of our very best and most revered magazine media owners.

By Josephine Buys 4 May 2020


The titles affected are: Bona, Country Life, Essentials, Food & Home, Garden & Home, People, Rooi Rose, Vrouekeur, Woman & Home and Your Family.
Comment
Anonymous
How incredibly sad and disappointing
Posted on 5 May 2020 13:35
Anonymous
So incredibly sad My 90 year old morher devours magazines, more so whilst we've been on lockdown.
Posted on 5 May 2020 14:41
Anonymous
It is inevitable. Most people do not buy magazines anymore. Social media and the internet has replaced that. I understand some people are dissapointed but times are changing and magazines just like dvds are coming to an end.....
Posted on 6 May 2020 09:51
Anonymous
Terribly sad. What happens if you have bought subscriptions. Will we be re-imbursed?
Posted on 6 May 2020 14:05
Anonymous
Yes. I would love to know more about that.
Posted on 6 May 2020 19:56
Anonymous
My favorite mag for last 30years Garden&home taken a sad bow out
Posted on 6 May 2020 20:27
Daphne Schwab
I am also incredibly disappointed in losing my access to Woman & Home and Garden & Home as my 94 year old mother and I love reading these together and especially doing the crossword in W&H to keep her brain agile... :(
Posted on 11 May 2020 13:29
Anonymous
Sad indeed. If you’re much of a collector, consider buying the last printed and sealed copy and store it safely. Might be worth a fortune in 50-100years for your great grand children.
Posted on 11 May 2020 13:35
Anonymous
As much as I feel desperately sad for all the employees of the division, I have first hand experience of being mistreated by the Caxton group. This is a case of what goes around comes around and the group has finally received its comeuppance. I for one am not disappointed.
Posted on 15 May 2020 14:52

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