Meredith Corp. said Wednesday it would stop trying to sell Money, the 47-year-old personal finance magazine it bought just over a year ago, and will end its print edition, reports Keith Kelly of the New York Post.
Kelly reports, “It will stop printing the monthly after the upcoming June issue, but will keep the web site alive, a spokesman confirmed.
“‘We have decided not to sell the brand. Instead we are going to invest in the digital money.com brand site itself as well as leverage the money content across our portfolio,’ the spokesman said. ‘We are ceasing publication of money magazine effective with the June/July issue.’
“Money rode to fame for its lists of best places to live, best colleges and best hospitals. But the once ground-breaking concept of full-time personal finance reporting struggled to stay relevant in the modern world, where financial news is constantly updated and often free.”
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