Bonnier Lays Off 70 Employees; Shutters Five Print Titles Amid Realignment

Bonnier Corp., the Swedish-owned publisher of special-interest magazines like Field & Stream and Popular Science, has laid off 70 employees from its U.S. operation and will shutter the print editions of five titles, a spokeswoman confirmed to Folio: on Wednesday.

Motorcycle titles Baggers and Dirt Rider, as well as the water sports magazines Sport Diver, Wakeboarding, and WaterSki will cease in print and continue as digital-only brands, although those titles are far from the only areas of the company affected.

“This restructure affected 70 people across all divisions and offices of Bonnier Corp.,” Perri Dorset, VP of communications, tells Folio:. “This realignment is a shift from Bonnier Corp. being organized around brand units and instead being organized around core channel activities such as print and digital, licensing, events, and agency services. Each group will now operate separate businesses around each of these channel activities vital to our diversification strategy.”

A little under half of the employees affected are said to be in Bonnier Corp.’s Winter Park, Florida headquarters. Apart from the titles that were shuttered, Saveur appears to have been hit particularly hard; both editor-in-chief Adam Sachs and deputy editor Dan Dao are out. Sachs had been editor-in-chief since 2014.
more at:  http://www.foliomag.com/bonnier-lays-off-70-employees-shutters-five-titles-amid-realignment/