Yahoo Shutters Multiple Digital Magazines
"As of today, we will not be posting any new content," wrote Yahoo Travel's editor.
On the heels of its companywide cost-cutting plans, Yahoo said on Wednesday that seven of its "Digital Magazines" will be shuttered in the near future.
Martha Nelson, the Time Inc. veteran hired last August as Yahoo editor-in-chief, wrote in a Tumblr note that "today we will begin phasing out the following Digital Magazines: Yahoo Food, Yahoo Health, Yahoo Parenting, Yahoo Makers, Yahoo Travel, Yahoo Autos and Yahoo Real Estate."
A Yahoo spokesperson confirmed that "some jobs have been eliminated and those employees will be notified today."
The creation of the "Digital Magazines" was an initiative spearheaded by CEO Marissa Mayer for several years as part of an effort to create unique Yahoo properties with voice and style to compete with premium brands online. A slew of big names — including the New York Times' David Pogue and ABC's Katie Couric — were hired for the launches.
On Feb. 2, the company confirmed that it was laying off 15 percent of its workforce, reducing expenses by $400 million by the end of the year and shuttering several foreign offices. It forecast the closure of some of its magazines and said that its media properties would now focus on Sports, News, Finance and Lifestyle.
"While these Digital Magazines will no longer be published, you will continue to find the topics they covered, as well as style, celebrity, entertainment, politics, tech and much more across our network," Nelson stated on Wednesday.
Yahoo Movies, which was launched in May 2014, is said to be now organized under its Lifestyle group, along with Yahoo Celebrity.
A memo sent by Yahoo Travel's editor-in-chief, Laura Begley Bloom, stated that the site would not be posting new content past Wednesday. The Travel team was disbanded, with some staffers being reassigned.
"As you’ve likely seen in the news, Yahoo is had a massive restructuring that has impacted much of the media division. Yahoo Travel is being closed down, as are many of the digital magazines that Yahoo launched over the last two years. As of today, we will not be posting any new content," Bloom wrote.
Meanwhile, Yahoo Tech's editor-in-chief Dan Tynan posted an article on his Twitter account that was headlined: "Leaving Your Job? Here’s What to Do Before You Walk Out the Door."