New owner blames catastrophic drop in revenue due to impact of Covid-19
Harper’s Bazaar, Elle, InStyle, Men’s Health, Women’s Health, Good Health, NW and OK! magazines have all been axed, with the new owners Mercury Capital citing a catastrophic drop in advertising revenue due to Covid-19.
The announcement comes days after the Australian arm of the German Bauer Media was sold to the venture capital firm Mercury Capital, which has yet to rebrand and rename the company.
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