AFR closes MIS Magazine
Financial Review Group has closed technology publication MIS Magazine, Mumbrella can reveal.
There are no redundancies as a result of the closure, as the title’s editorial team has been redeployed on the Australian Financial Review and afr.com.
A decline in ad revenue has been given among the reasons for the closure. “Advertisers in the technology space have moved more aggressively online than other advertising categories,” MIS Magazine’s editor Brian Corrigan told Mumbrella.
MIS Magazine’s website, misaustralia.com, now directs to afr.com.
That’s a real shame, given the publication was one of the best reads in the industry. But I suppose why the magazine disappears the content won’t, given the statements by Mr Clegg and the assurance that the MIS team is being redeployed to the paper.
With a bit of luck there’ll now be a daily dose, rather than that satisfying hit every month.
Good luck to the team!
Gotta love Fairfax. They try to sell profitable assets to raise profits, sack quality controllers (subs) to raise quality and axe IT mags to cover more IT…
Guess it all depends on which direction you are twirling, twirling, twirling!
Such a pity. The Australian market lacks targeted publications. Hope CFO doesn’t go the same way.
I can’t believe they didn’t try to sell the mag. I heard that Gill paid around A$18m for Strategic Publishing around 98-99. Surely there is someone out there willing to pay A$500k-A$1m or 1x revenue?