The newsstand is getting thinner. Hearst Magazines, which shut down Cosmogirl last month and Quick & Simple over the summer, has decided to fold O at Home, the quarterly extension of O, The Oprah Magazine. According to a Hearst press release at Portfolio (which also let many staffers go last week), the final issue will be winter 2008, on newsstands Nov. 25.
WWD, a Conde Nast title, reported on the bleak outlook at its parent company, as well as offered a roundup of the latest clenching throughout the industry.
"Every publisher is dissecting its cost structure and stable of titles, from Hearst Magazines to Hachette Filipacchi Media and Time Inc. to Rodale. And in recent days, American Express Publishing, whose titles include Food & Wine, Travel + Leisure and Departures, said it would cut 22 jobs, or 5 percent of its workforce. Hearst quietly began going "floor by floor" to cut costs, notably at the upscale Harper's Bazaar and Town & Country."
The past two weeks have been flat-out bad. Culture + Travel announced it would close up shop, and among other Conde Nast news, the majority of the staff at Men's Vogue was re-absorbed into Vogue classic and will now come out twice a year, rather than 10 times a year.
Even the smaller niche magazines are hurting. Gawker reports that the titles at M. Shanken Communications -- the publisher of Cigar Aficionado, Wine Spectator and Food Arts -- lost people, too.
Oprah Winfrey expands her mammoth media presence with a deal to turn the Discovery Health Channel into her very own network, OWN (for The Oprah Winfrey Network). Winfrey and Discovery chief exec David Zaslav made the announcement, Jan. 15.
AP / Harpo Productions
Winfrey will be chairwoman of the network, which she envisions will entertain and inform her loyal fan base "24 hours a day on a platform that goes on forever." OWN launches in 2009. This is of course only the latest addition to Winfrey's media empire.
PRNewsFoto / AP
Television: 'The Oprah Winfrey Show,' which went national in 1986, helped pioneer the tabloid talk show, but by the 1990s, Winfrey dropped the format in lieu of more serious issues.
George Burns, Harpo Studios / AP
Magazines: Besides co-writing five books herself, Oprah has published her own magazine, O, which was called the most successful startup in the industry by FORTUNE Magazine in 2002.
Radio: The talk host expanded her reach to satellite radio in early 2006 when she announced a $55 million deal to start her own channel on XM, called Oprah & Friends. Here, Winfrey is seen with XM CEO, Hugh Panero.
Nasdaq / AP
Books: In 1996, Winfrey began her own book club, aptly titled Oprah's Book Club. Since then, her recommendations automatically top the best-seller lists. One of her picks for 2007, Cormac McCarthy's 'The Road,' is seen above.
George Burns, Harpo Productions / AP
Theater: Winfrey brought 'The Color Purple' to Broadway in 2005 as the show's producer. She was nominated for an Oscar for her portrayal of Sofia in the 1985 film version.
Charles Rex Arbogast, AP
The engine car that keeps the Oprah train chugging along is her production company, Harpo, located in Chicago.