Gruner+Jahr discontinues the magazine Park Avenue
The Hamburg-based publishing house Gruner+Jahr is discontinuing the celebrity magazine *Park Avenue*, which was launched in 2005. Two other titles published by the company—one Dutch and one Russian—are also being discontinued. A total of 35 jobs will be cut.
The Hamburg publishing house Gruner+Jahr is discontinuing the personality magazine Park Avenue, which was launched in 2005, after the publication of issue 1/2009, as the publishing house announced on Wednesday evening. The titles Life & Style in Russia and Gala in the Netherlands will also disappear from the market. A total of 35 jobs in the publishing and editorial departments will be cut as a result.
Just a day ago, it was announced that G+J intends to close the locations of its magazines "Capital", "Impulse" and "Börse Online" in Cologne and Munich and establish a new central editorial office for business topics in Hamburg. As a result, the publishing house is cutting a further 60 jobs at the business titles. In future, all three magazines, as well as the daily newspaper Financial Times Deutschland, will be produced by the new editorial team of 250 people.
Just a day ago, it was announced that G+J intends to close the locations of its magazines "Capital", "Impulse" and "Börse Online" in Cologne and Munich and establish a new central editorial office for business topics in Hamburg. As a result, the publishing house is cutting a further 60 jobs at the business titles. In future, all three magazines, as well as the daily newspaper Financial Times Deutschland, will be produced by the new editorial team of 250 people.
