Time Inc. cutting print issues of Fortune and Money
Time Inc. said Tuesday that it will cut print editions of its business magazine Fortune and its personal finance magazine Money.
The annual print issues of Fortune will decline to 12 from 16 while the annual print issues of Money will decline to 10 from 11.
“All of the research we have suggests our readers aren’t interested in more issues, but interested in higher quality, more impactful issues,” Time Inc. chief content officer Alan Murray said in a statement. “And that’s where we are putting our focus.”
Murray was editor of Fortune until earlier this year. Fortune was once published every two weeks. It cut back its print editions from 25 to 18 in 2009. It combined its print and online staffs earlier this year.
Both Fortune and Money launched websites in 2014. Their content had previously been posted on CNNMoney.com.
Time Inc. is also cutting the number of print editions of its other publications, including Sports Illustrated.
The company is also exploring starting new magazines in conjunction with web-only media operations.
“We are engaged in conversations with several pure play digital companies and exploring creating print magazines for their brands,” said Time Inc. CEO Rich Battista in a statement.
A company spokeswoman could not say whether any of those digital companies produced business and financial news.