Media Starts To Feel It: Magazines Fold, Networks Cut Back

Friday brought four media stories that, were they isolated incidents, might not be major news, but taken in the aggregate suggest that the media has started to feel the looming recession.

Radar Magazine folds, website bought by AMI

02138 Magazine folds

Elle Accessories suspends production

ABC News institutes major cutbacks

Hearst Corporation canceled its holiday party last week as well.

Comments

[imsosure]

08:58 PM on 10/26/2008

So a bunch of useless rags go under, big deal.

[bascombe]

02:13 AM on 10/26/2008

it's not there's a decline in journalism. how can there be less than zero journalists?

[Artos]

12:05 PM on 10/25/2008

The fact that some of these magazines are folding is no surprise. Many of them are useless. The ones for guys are nothing but a shameless excuse to pander women and alcohol. The ones for women must recycle their story items between themselves and or recycle them, because they are all about the same subjects weight, looks and men and or food. Totally useless waste of paper. As for the Television media, maybe they are starting to have second thoughts about having spent so much time and effort pumping up the Republicans and the Bush BS Administration. I think they now know that they were stupid.

[RJII]

01:36 PM on 10/25/2008

very true. also, can't wait to see O'Reilly ratings and FOX as a whole fold. He better sign that $10 mill contract fast.

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[captainindustry]

08:09 AM on 10/25/2008

Radar? what's that. a magazine about palindromes?

never heard of it.

[sparkey]

06:24 AM on 10/26/2008

From the look of the cover, it looks like a knock-off of FMH. I haven't read that one either. You can get better porn for free on the web.

[hwebb54]

03:25 AM on 10/25/2008

I hope MSNBC is the first of the Cable networks to fold. God would be smiling down on me if Keith Olbermann, David Shuster and Chris Matthews were out of a job. It would be one good thing to come out of a crappy economy.

[OldSkooler]

08:01 AM on 10/25/2008

Although I suppose, since these mags are folding left, right and center, that my comment is even LESS apropos, it still bugs me to see the word "media" treated as singular.

The media ARE tanking.
The medium IS tanking.

(Don't EVEN get me started on datum and data. Even *I* don't want to go there.)

Beyond that, however, although it saddens me to see print in general becoming obsolete, since I haven't been moved to "read" (i.e., look at the pretty pix and soft porn) any of those mentioned above, it's hard for me to muster any real sympathy.

Let the flames begin!

[Bozwellian]

08:07 AM on 10/25/2008

Spoken as a true-red McCainiac..., LOL !!! Kinda hate being confronted with truthmaticals ? Likely find better listen /view at Fox and RUsh,Savedge parent company's so why bother with msnbc when you are in control of the remote/dial and is your choice to listen up or not...Silly rant at face value and more so if inspected !!!

[mediamarv]

01:33 AM on 10/25/2008

This is really old news, on this page all day.... update it will you, HuffPo interns... earn your pay!!!

[trendier]

11:34 PM on 10/24/2008

Fox News is next.

[ObamaEdwards]

09:59 PM on 10/24/2008

Most of these rags are superfluous. They're just ads with a few lines of text and a bunch of celebrity hype with photos. Bye.

[CeciliaBertrand]

12:28 AM on 10/25/2008

Agreed - windbag TV news 'reporting' is what I am waiting to see fall.-FOX first - yeah!

[Chaucea]

08:50 PM on 10/24/2008

Can't say I am saddened by any bit of vapid media going by the wayside.

[harriettubman]

08:42 PM on 10/24/2008

Magazine subscriptions are crazy. Its costs over $200/yr just for People magazine. Why? Oprah's magazine is good and the subscription rate was good too but I was tired of seeing ads for clothes and purses equivalent to a mortgage or car note. I'm just not into spending that kind of money.

[kellygrrrl]

08:37 PM on 10/24/2008

RIP Radar!

We Love You Alex!!!!!!

[ohiomark]

08:20 PM on 10/24/2008

....and yet Fox News is doing just fine with great ratings and enough revenue to sign Hannity, O'Reilly and Glenn Beck to multi-million dollar contracts.

It's seems someone is doing it right.

[Haditup2here]

08:28 PM on 10/24/2008

That is because they are supported by all of the right-wingnuts.

[kellygrrrl]

08:45 PM on 10/24/2008

so why did BillO go on a rant that Ratings are "bought" and that's why MSNBC is doing well?

[lilkunta]

07:42 PM on 10/24/2008

Never bought or cared 4 radar anyways.