Pacific Magazines license for 3 titles not to be renewed by NZME
Three magazines effected, New Idea, Girlfriend and that’s life!, will continue publishing
When you sign a new contract to license magazine publishing you usually try and make a big splash. When you terminate the partnership it is generally done as quietly as possible. That’s why the press release below is short and to the point.
New Zealand Media and Entertainment, New Zealand’s newspaper, radio, outdoor advertising company, has had a deal with Pacific Magazines, a magaizne company originally owned by Rupert Murdoch, but is now owned by Seven West Media Limited. That company publishes familiar magazine titles in Australia such as Better Homes and Gardens, Home Beautiful and Marie Claire. They have also licensed some of their titles to NZME.
But now the deal is off, but the titles will continue. Who initiated the break-up is not known – I’ll be honest, I don’t know much about the inner workings of the magazine field down under – but now staffers may be scrambling to figure out who they work for.
Auckland, N.Z. – July 13, 2015 – New Zealand Media and Entertainment (NZME) has announced it will not be renewing its license with Pacific Magazines to produce New Idea, Girlfriend and that’s life! magazines, when it expires on 30 September 2015.
Chief Operating Officer, Phil Eustace says NZME will cease to publish the three magazine titles from that date.
“The rights to publish will revert back to Pacific Magazines from 30 September 2015. Pacific Magazines have indicated that the magazines will continue to be published in New Zealand.”
Eustace paid tribute to the team of 25 in the magazine department affected. Consultation with employees has been initiated.
“Everyone has worked tirelessly across sales, marketing, subscriptions and editorial to publish quality content. It has been a great partnership and Pacific Magazines have been excellent business partners, which we are very grateful for.”
Eustace confirmed that reader subscriptions and advertising bookings would be honoured by Pacific Magazines.