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Caxton has announced that it has begun a process of withdrawing from magazine publishing and associated businesses.
It says the decision was unavoidable citing declining ad spend and circulation revenue over the years, as well as the impact of Covid-19 lockdown on the ability of the business to trade normally.
Caxton says it is consulting with its employees.
The magazine titles affected include Bona, Garden & Home, People, Rooi Rose, and Your Family.
Caxton says it is keen to engage with any other parties and publishers who would be interested in taking over any of its titles.
Source: Moneyweb
The South African publisher of Cosmopolitan, House & Leisure, Good Housekeeping and Women on Wheels also ceased trading on the 1st of May after serving the South-African print media landscape for 38 years.
