Business
Bauer Media Australia axes eight magazines including Harper’s Bazaar, Elle and Men’s Health – The Guardian
German-owned publisher blames catastrophic drop in revenue due to impact of Covid-19
Harpers Bazaar, Elle, InStyle, Mens Health, Womens Health, Good Health, NW and OK! magazines have all been axed, with their publisher, Bauer Media Australia, citing a catastrophic drop in advertising revenue due to Covid-19.
At least 240 magazine staff have been laid off by the German family-owned magazine empire since the pandemic hit Australia in April.
The announcement from the publisher comes days after the Australian arm of the company was sold to the venture capital firm Mercury Capital,…
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