TI Media is entering into a consultation with staff on the proposed closure of its Now magazine.
If the outcome of the consultation results in the publication’s closure then the final issue of the magazine will go on sale across the UK on 2 April 2019.
Commenting on the announcement, Angie O’Farrell, group managing director for lifestyle & women’s weeklies at TI Media, said: “The changing dynamics of the celebrity market – with consumers increasingly getting their fix of celeb news and gossip from other sources that can break stories immediately - means this audience is buying fewer and fewer magazines.
”As recent closures highlight, this is putting the celebrity market under relentless pressure. Now’s circulation has been falling steadily over the past five years and with that decline forecast to continue, alongside a drop-off in advertising revenue, the magazine is simply no longer sustainable. It’s on this basis that we’re proposing to close Now and focus on the remaining titles in our Life & Style portfolio.”
The magazine’s celebsnow.co.uk website will remain unaffected by the consultation or potential closure