Reader's Digest Shuts Down Ops In UK After 86 Years: 'Just Couldn't Withstand Financial Pressures Of...'

(MENAFN- Live Mint) "Reader's Digest, widely read and respected, has announced that it is shutting down its United Kingdom edition after 86 years. The magazine's Editor-in-Chief, Eva Mackevic, recently made the announcement on LinkedIn the post, she said it was a“privilege and joy to contribute to this iconic publication for nearly eight years, leading its talented team for the last six.”\"After 86 wonderful years, I am very sad to share that Reader's Digest UK has come to an end. It has been my privilege and joy to contribute to this iconic publication for nearly eight years, leading its talented team for the last six,\" the post read read: Ola shuts down international ops 'in its current form' to focus on India expansion: 'Future is...'“Unfortunately, the company just couldn't withstand the financial pressures of today's unforgiving magazine publishing landscape and has ceased to trade.”She also extended“heartfelt gratitude” to all the“incredible” colleagues, writers, PRs, and brands which collaborated with the magazine over the years.
Also read: Google's Podcast app to shut down from tomorrow. Here's how you can transfer your subscriptions“Your passion and expertise have made this journey unforgettable, and I've been fortunate enough to make some amazing friends along the way,” she said also assured the writer that they would receive their pending payments.\"To any writers awaiting payment for their work, I've been assured that the insolvency practitioners are working to communicate with everyone about the next steps. I sincerely hope this process goes smoothly and swiftly for you,\" she said read: 'The Body Shop' files for bankruptcy: UK-based cosmetics major to shut down all US storesThe post attracted a lot of attention and awe from readers across the globe.“I read your message about end of prestigious and historical reader digest it is painful news for journalism keep up best journalistic work with same integrity and honesty stay blessed,” a user said user commented:“Sad to hear that. I've enjoyed its spread of features. All the best to all staff affected.”“You were phenomenal! To bigger, brighter things,” another one added.


Live Mint

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.