The Canadian edition of Reader’s Digest will cease publication next spring, reports The Globe and Mail.
The small format magazine, which has existed for more than 75 years, has already been the most read in the country. Last April, the publication’s management still boasted of having three million readers per month. Its circulation was nearly 500,000 copies for each of its ten annual publications.
The latest edition will be printed on March 31. According to The Globe and Mailthe group’s decision is justified by “the fall in advertising revenues, the increase in production and delivery costs and the change in reading habits”.
Subsequently, the various websites of the publication, owned by the American company Trusted Media Brands, will continue to be powered “for a certain period of time” thanks to the support of American employees.
Reader’s Digest selection remains an iconic magazine in Quebec. There were health and science sections, numerous stories in the form of testimonials, without forgetting the famous humorous page “Let’s laugh a little”.
This announcement comes in the midst of a media crisis grappling with similar problems. This week, CBC/Radio-Canada announced the elimination of 800 positions, while at TVA, 547 positions were eliminated. Not to mention the job losses at the Information Coops and the closure of the daily newspaper Metro.
All this against a backdrop of standoff with Meta, which blocks the broadcast of news on its platforms for not complying with the Online News Act which is due to come into force on December 19.