Associated Media Publishing shutting down

COVID-19 was the final nail in the coffin of a struggling business.

In 2018 when Associated Media Publishing closed Marie Claire they emphasized that they were concentrating on digital distribution rather than print. To claim that COVID-19 has affected their distribution channels (print) is disingenuous.

Anyway COVID-19 has definitely affected everyone so if you are going to close down a failing business, this is probably the best time to do it, under cover of Covid-19. Less red tape.
 
Botha22 said:
Anyway COVID-19 has definitely affected everyone so if you are going to close down a failing business, this is probably the best time to do it, under cover of Covid-19. Less red tape.
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How is there less red tape closing down a business now as opposed to 6 months ago?
 
Botha22 said:
COVID-19 was the final nail in the coffin of a struggling business.

In 2018 when Associated Media Publishing closed Marie Claire they emphasized that they were concentrating on digital distribution rather than print. To claim that COVID-19 has affected their distribution channels (print) is disingenuous.

Anyway COVID-19 has definitely affected everyone so if you are going to close down a failing business, this is probably the best time to do it, under cover of Covid-19. Less red tape.
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Nothing much has changed in terms processes. The difference is that eveey media house is focusing on Covid-19 and government's response.
 
Lupus said:
Another success of the lockdown... Viva
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They’ve been in the **** lock before lockdown.

This just gives them a good excuse not to pay packages to staff and stuff the capital in their pockets.
 
SauRoNZA said:
They’ve been in the **** lock before lockdown.

This just gives them a good excuse not to pay packages to staff and stuff the capital in their pockets.
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Yeah I know
 
BBSA said:
Let the weak die, and let the strong rise after the epidemic. Yes, it is painful short term, but we will be stronger in the long run.
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Well In theory that applies to more than just business . Next few months will prove this
 
To be fair is it not showing how Certain industries like fashion add little real value to the real economy and are just a cherry on the cake caused by excess wealth and consumption ...like a few other industries
 
His holiness, excellency and Lord of all joggers, Cyril Ramaphosa would like to thank Associated Media Publishing for their sacrifice in the name of the common good.
 
To my knowledge, advertising revenue has taken a hit because many companies are cutting their advertising budgets under the present circumstances.
 
BBSA said:
Let the weak die, and let the strong rise after the epidemic. Yes, it is painful short term, but we will be stronger in the long run.
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Say that to the people who are losing their jobs.
 
lumeer said:
Say that to the people who are losing their jobs.
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They have spent millions to keep a weak company like Edcon alive. That capital is now waste, capital which could have been use to create a new innovative company and created many new jobs.

Spending capital on a zombie company is not a solution.
 
I don't think COVID-19 was totally responsible for this, it was probably bound to happen but definitely did fast-track the demise. The magazine shelves in stores have been getting smaller and smaller since 2010.

I'd be very surprised if the company was not already struggling before COVID-19.

All of the print media is in danger, the bigger companies might linger on for a bit longer but the magazine shelves are going to look very different in 2030.
 
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