If you follow Money Magazine, you know it has been in print by Time Inc. since the early 1970s. In late April, Money announced it would cease its print publication and be published solely online. So, while you can still read Money Magazine, the end of an era is here. It is just the latest magazine to fold its print edition.
Money Magazine Shutting Down Print
In 2014, Money launched its own website www.money.com when Time Inc. broke off from CNN. Time Inc. was then bought by Meredith Corporation, which put Money up for sale in 2018. However, after no offers to buy, Meredith Corporation announced it would continue online publication but Money Magazine would no longer be in print in April 2019.
Money outlasted similar prints, such as Smart Money, which ceased publication in 2012. Meredith Corporation would have liked to get rid of Money altogether. It was put up for sale in January 2018 along with Sports Illustrated, Fortune, Time, and Viant Technology (parent company of Myspace).
Meredith Corporation hoped to get $500 million for the sale of the five entities to help pay some of the company’s debt. Unfortunately, Money, Sports Illustrated, and Viant Technology did not garner any interest from buyers.
Continuing With Money.com
Meredith decided not to sell the magazine, but instead, do what many other print papers and magazines have done: go digital. After the June issue being released this month, there will be no more print editions of Money Magazine.
“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.”
Other Publications Doing The Same
Money isn’t alone in becoming exclusively digital. Many other top-rated print magazines have decided to do the same in recent years. Some ask you to pay a subscription fee, while others earn money through advertising on their websites. Either way, each of the publications listed below has found a way to make it in the digital world.
- Teen Vogue
- Information Week
Many other popular publications, such as Billboard, Consumer Reports, Ebony, Men’s Health, Mother Jones, and Women’s Health have all launched websites as well, even though they’ve continued their print publications.
So, while seeing Money Magazine go out of print, there is no doubt it will continue to evolve, as many other publications have over the years. Magazines are far from being “done,” but they are definitely changing.
Readers, are you sad to see Money go out of print?