CBCnews
Story Tools: EMAIL | PRINT | Text Size: S M L XL | REPORT TYPO | SEND YOUR FEEDBACK | Bookmark and Share

Wish, Gardening Life magazines to fold

Last Updated: Friday, November 14, 2008 | 2:39 PM ET

Toronto publisher St. Joseph Media has announced it is closing down two magazines — lifestyle publication Wish and Gardening Life.

Both magazines will cease publication with their December issues, according to president Douglas Knight.

About 20 jobs will be lost.

Knight pointed to cutbacks across Canada, the U.S. and Europe and said the economic slowdown was hurting advertising.

"The global financial crisis has triggered such a sharp decline in advertising markets that prudent media companies around the world are evaluating their portfolios and making tough decisions about those brands least able to withstand the downturn," Knight said in a letter to staff on Friday.

St. Joseph will maintain the 20-Minute Supper Club, a popular feature of Wish that has more than 55,000 members online. It plans to launch a stand-alone website and an annual 20-Minute Supper Club magazine in 2009.

It also will add a new home and gardening supplement to its Toronto Life magazine.

The company says its other publications, including Toronto Life, FASHION Magazine and Canadian Family, have "outperformed the market and are well-positioned to weather the storm."

  •  
Story Tools: EMAIL | PRINT | Text Size: S M L XL | REPORT TYPO | SEND YOUR FEEDBACK | Bookmark and Share
 

More Media Headlines

La Presse deal may prevent closure
The death of North America's largest broadsheet newspaper may have been averted with the announcement that Montreal La Presse has reached an agreement in principle with another three of the eight unions representing its employees.
Jackson's fatal drug bought in Vegas
Michael Jackson's personal physician bought the powerful anesthetic propofol in Las Vegas and had it shipped to Los Angeles, according to search warrant records released over objections from the L.A. police.
Fate of wolf adorning magazine cover recalled Audio
A Banff wolf will grace the cover of Canadian Geographic next month, and the photographer hopes the unfortunate story behind the photo will spread his message of conservation.
Forbes: Hollywood's Most Overpaid Stars
Land of the Lost was one of those epic Hollywood disasters that makes outsiders question why anyone is in the movie business. Its dismal box office helped land star Will Ferrell at the top of the annual Forbes list of Hollywood's Most Overpaid Actors.
Charge dropped in Black Eyed Peas-Perez Hilton dispute
The assault charge against the Black Eyed Peas' manager — stemming from allegations made by celebrity blogger Perez Hilton this summer — has been dropped.

More Arts Headlines

Taylor Swift wins 5 American Music Awards
Michael Jackson made history by winning four American Music Awards posthumously, but he couldn't beat Taylor Swift as the year's favourite artist and the evening's top winner.
Plaskett double winner at Canadian Folk Music Awards
Joel Plaskett's triple album Three earned the Halifax singer-songwriter a double win at the Canadian Folk Music Awards on Saturday.
Kirov ballerina steps out at Cultural Olympiad
Uliana Lopatkina, principal dancer with the Kirov Ballet, will make her Canadian debut Feb. 10 at the Vancouver 2010 Cultural Olympiad
Documentary explores carbon trading business
Carbon Hunters is about a new breed of entrepreneurs working to get rich and save the planet at the same time.
Motown celebrates half-century of hits
Music legends turned out at the Detroit Marriott Renaissance Center on Saturday evening for the swankiest birthday bash in Motor City this year — the Motown 50 Golden Gala.

People who read this also read …

Top CBCNews.ca Headlines

Headlines

Iranian-Canadian journalist talks of prison ordeal Video
Iranian-Canadian journalist Maziar Bahari says he was regularly beaten and threatened with execution while imprisoned in Iran for 118 days.
Afghan prisoner transfers halted 'more than 1 time' Video
Canadian officials have halted the transfer of prisoners to Afghanistan's intelligence service "more than one time," because of the possibility of torture, Canada's chief of defence staff said Sunday.
Indonesian ferry sinks in storm
Rescuers saved more than 240 people aboard an Indonesian passenger ferry that sank Sunday in rough waters off Sumatra island, but at least 29 people have died, officials said.
Iranian forces practise defending nuke sites
Iran on Sunday began large-scale air defence war games aimed at protecting the country's nuclear facilities against any possible attack, state television reported.
Teens named in 4-death crash near Calgary
Police have released the names of three young women killed in a two-vehicle crash south of Calgary on Saturday afternoon, but have yet to reveal the name of a fourth woman who died.