P.M. BRIEFING : New England Monthly to Fold
Facing a debt of $5 million, New England Monthly magazine will cease publication this month, its editors announced today.
Richard Todd, editor of the 6-year-old publication, told the magazine’s 30 employees Thursday that the September issue will be the last. “It’s been a tough year for everyone in the magazine business,” Todd said. “For us, it proved fatal.”
Consumer magazine ad pages are down overall this year, and the tough ad climate has already led to the demise of Woman magazine and the regional magazines Southpoint and 7 Days.
Earlier this week, France’s Hachette SA said it would end regular publication of its Memories magazine with the October issue because of the weak ad climate.
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