SmartMoney, the Dow Jones & Co. personal finance magazine, will end its print edition and go all-digital following the September issue, notes Grumpy Editor.
The publication, a unit of News Corp., has been struggling in recent months.
In this year’s first quarter, SmartMoney saw a 19.3 percent drop in advertising revenue and a 23.4 percent decline in ad pages.
Word of the shuttering was bad news for print staffers.
The company said about 25 employees “are being impacted as part of the print magazine's closing, with those affected eligible to re-apply for open positions with SmartMoney.com and other openings within the company."
SmartMoney was launched as a joint Dow Jones and Hearst Corp. operation in 1992. Dow Jones acquired Hearst's 50 percent interest two years ago.
"SmartMoney has led the way in personal finance coverage for 20 years," said Robert Thomson, editor-in-chief of Dow Jones and managing editor of The Wall Street Journal.
"It has been honored with many awards and provided intelligent, objective analysis and guidance for readers in print and online."
Comments