Canadian Business, the country’s oldest publication of its kind, may be on the verge of closing its doors after 87 years, writes Althia Raj of Huffington Post.
Raj writes, “Rogers Media Inc., which owns Canadian Business, is looking at shuttering the publication, several company sources told The Huffington Post Canada.
“Canadian Business is losing subscribers and ‘there is no money to be had,’ Phil Lind, the vice-chairman of the board at Rogers Communications told HuffPost on Monday.
“The company’s venture into Texture, the re-named magazine app first launched as Next Issue, hasn’t been as profitable as expected, he added, and Rogers’ television stations are also struggling.
“Maclean’s Magazine — Rogers’ national current affairs publication — is ‘not yet’ on the chopping block, Lind said.”
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