Industry NewsMarkets & Economy

Home magazine shuts down

Parent company cites difficult economic environment

Home magazine, which shares an owner with other magazine brands such as Elle, Car and Driver, Road and Track and Woman's Day, will cease publication after its October issue. Jack Kliger, president and CEO for the magazine's parent company, Hachette Filipacchi Media U.S. (HFM U.S.), reported that the "current economic environment is difficult, and the mid-market home sector has been particularly hard hit. When the middle market recovers, we will consider future publication of HOME" as a single-subject guidebook available at newsstands. Kliger added, "It is difficult to close a magazine, particularly when it means that some of our colleagues' positions will be affected." Home is described at the company's Web site as "the established authority for renovation and design enthusiasts and provides our nearly 3.5 million readers with a solid foundation of knowledge about products and price points that empowers them to make informed purchasing decisions."...