Magazine of the Year reorganizes company

From Ad Age:

“Some of the layoffs are a result of the integration process,” the spokesman [for the Economist] said….

The majority came not from the magazine but from The Economist Intelligence Unit, the group’s business-to-business publishing arm, he said.

The Economist Group has roughly 225 employees remaining.

The magazine has seen ad page sales slow, however…. The Economist’s North American edition increased ad pages by 3.4% through the Nov. 1 issue….

Its paid circulation averaged 747,254 over the first half of this year, 7.6% higher than the first half a year earlier, according to reports with the Audit Bureau of Circulations.

Link