Euro hits four-month high on Covid-19 recovery fund hopes – as it happened

The music monthly Q is to be shut after more than three decades after its publisher was unable to find a buyer as the coronavirus pandemic accelerates the shift of readers and advertisers to online media.

The German-owned Bauer Media, which owns magazines in the UK including Grazia and Empire, said that the 34-yea- old magazine would cease publishing immediately.

Last month, the company said that it had entered advanced talks to sell the music monthly and four other titles, while also deciding to cease publication of three others including Planet Rock.

While it has found buyers for some titles – including Your Horse, Sea Angler and Car Mechanics to specialist publisher Kelsey Media – Q and stablemate Modern Classics could not be saved.

“We have been unable to find equivalent new owners for Q and Modern Classics and have decided to cease publication of these titles with immediate effect,” said Chris Duncan, chief executive of UK Publishing at Bauer Media.

“We thank those teams for their work on these iconic titles.”

Q enjoyed sales of just over 200,000 at the turn of the century when it was a must-read title. But by the end of last year sales had dwindled to 28,000, according to official figures from the Audit Bureau of Circulations.

In May, the publisher began a review of the future of 10 magazines with options including complete closure, moving to online-only, a sale or merger with another title.

Duncan added:

“There tough decisions were made to help us recover and rebuild through the COvid-19 crisis. We will continue that process with our remaining portfolio of world class titles.”


Q Magazine
(@QMagazine)

The final issue of Q. On sale Tuesday 28 July. pic.twitter.com/STYJ2snH5m

July 20, 2020

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