Vincent Browne's Village magazine is to cease publishing, he called the process a "suspension," and said to the Irish Independent that he hoped to resume printing in future. The magazine's website, Village.ie, will continue, although it is currently off-line for updating.
After previous cuts in the workforce, the three remaining staff will be let go.
He told the Irish Times the move is due to "a significant downturn in advertising and the cancellation of special contract publications we were undertaking for third parties."
Village was expecting to make a small profit this year, but the contract publications were central to this. In a recent interview with Marketing magazine Browne said: "My only backer, Michael Smith, lost about €260,000 and I lost in the region of €1.2 million. Village is going to be a marginal exercise but we can make money on contract publishing and we should make significant money on the website".
Newspaper and magazines are often accused of putting their own twist on circulation and readership numbers, but
Recent Comments