MUSIC magazine NME is to print its final edition this week because it is ‘no longer financially viable’.
The last issue will appear tomorrow – 66 years after the first – and the publication will then move to an online-only model. The magazine had already struggled financially, and in 2015 publisher Time Inc tried to save it by handing it out free – boosting circulation.
But Paul Cheal, managing director of Time Inc, said yesterday: ‘We have faced increasing production costs and a very tough print advertising market. We have now reached a point where the free weekly magazine is no longer financially viable.’
Musicians took to social media to pay tribute to the magazine. Lily Allen said: ‘RIP NME.’ Rock band Kasabian tweeted: ‘An icon is no more.’
© Daily Mail
