John Menzies has closed its digital magazines arm – MagazinesOnDemand.
“Digital magazines have not proved as popular as we had hoped and in this difficult economic climate it was not possible for us to continue trading,” a statement on a holding page on the company’s website reads.
In an interview with Journalism.co.uk in April, MOD’s managing director Sarah Clegg conceded that the outfit had not yet made a profit, but remained optimistic about the future of e-editions.
It’s a shame that John Menzies closed down their digital magazines setup when they did as Digital magazines are now becoming a serious business with companies like Zinio leading the way.
I think if they’d launched a year or two later they’d have been able to corner the UK market with this