The generally dour economic climate continues to bite, and Future Publishing has announced its intention to shed eight titles, including some old favourite home cinema and digital TV publications.
According to a report in the Guardian, a fall in profits – with £2 million being lost on the US side of the business due to unspecified “problems” – means that the mags have to go, and will be sold or closed.
Future announced the move in an email to staff earlier this week. Titles affected include What Satellite & Digital TV, Home Cinema Choice, DVD & Blu-Ray Review and Hi-Fi Choice.
What Satellite & Digital TV has been running since 1986, and Home Cinema Choice dates back similarly, both veterans of the industry. This won’t affect TechRadar, which currently hosts the online presence of these magazines.
Future’s Chief Exec Mark Wood told staff in his email: “These decisions have not been taken lightly but are vital if we are to maintain the momentum of our business.”
“This recalibration of our business is crucial to ensure faster adaptation to digital and more efficient execution of print. This is the strategy which will best position Future for the long term, and I appreciate your continued focus and hard work during this period of change.”
Adaptation to digital being the key point, perhaps. In fact, it could well be the combination of the recession and the availability of review resources online which has contributed to both magazines presumably ailing circulation figures.
Hopefully the publications can be sold off successfully and continue rather than being shut down.