Following the closure of Bauer New Zealand and Covid-19, Bauer Media has had to make even more cuts, this time officially announcing the finial closure of Harper’s Bazaar, Elle, InStyle, Men’s Health, Women’s Health, Good Health, NW and OK!.
These closure comes after a pause was put on publication due to travel restrictions and declining advertising revenue.
“It has been a challenging time for Bauer and our team with exciting highs and devastating lows in recent months,” says Brendon Hill, Bauer Media AUNZ CEO.
“We were delighted to acquire Pacific Magazines in May and were thrilled to recently announce a new future under Mercury Capital.
“However, these positive changes have taken place amidst an unexpected, uncertain and unrelenting economic downturn. No one could have anticipated the swift, widespread and ongoing impact of the pandemic on our business and industry.”
A number of staff across these titles were stood down as their publication was ceased.