WWE Magazine Shuts Down

Large staff reductions follow poor Q2 report.

Michael Rondon By Michael Rondon

WWE Magazine is ceasing publication after 30 years in print.

The news follows a poor second quarter earnings report for ownership group, WWE, that resulted about 55 job cuts across the company. Approximately 14 of those cuts were magazine staff, according to a source familiar with the situation.

"Out internal operations for WWE Magazine have ceased," the company says in a statement. "We will look at both domestic and international licensing opportunities moving forward."

As a whole, the pro wrestling producer reported a net loss of $22.5 million through the first half of 2014, down from an $8.2 million profit last year. Revenue increased slightly to $281 million. Slowing subscriber adoption to the group's newly-launched streaming network contributed to the down quarter.

WWE Magazine's closing sits at the crossroads of two major trends. While the shut down of a print product doesn't come as a surprise anymore, the move comes as brand journalism continues to grow.

Its final issue will be released Sept. 16. WWE Kids and WWE Specials will also shut down.

Michael Rondon By Michael Rondon

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