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July 24, 2020updated 27 Jul 2020 9:07am

Immediate Media to close 12 magazines and cut up to 113 jobs in post-Covid savings

By Charlotte Tobitt

Immediate Media is planning to cut up to 113 jobs and close 12 magazines after the Covid-19 crisis badly hit newsstand sales and advertising revenue.

Seven of the magazines set to close are based in Bristol and fall within the craft, home and specialist categories, with the other five titles based in London and aimed at children.

The publisher said that although it has seen “impressive growth” in print subscriptions and digital audiences since the pandemic began, it has been significantly negatively impacted in some areas of the business by the downturn in the advertising market and falling newsstand sales as people stayed home during lockdown, and overseas sales.

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