Reader’s Digest shuts down ops in UK after 86 years: ’Just couldn’t withstand financial pressures of...’

Reader's Digest UK closes after 86 years citing financial challenges. Editor-in-Chief Eva Mackevic thanked colleagues and reassured writers about pending payments.

Livemint
First Published18 May 2024
Reader's Digest UK edition
Reader’s Digest UK edition(Eva Mackevic)

Reader's Digest, widely read and respected, has announced that it is shutting down its United Kingdom edition after 86 years. The magazine's Editor-in-Chief, Eva Mackevic, recently made the announcement on LinkedIn.

In the post, she said it was a “privilege and joy to contribute to this iconic publication for nearly eight years, leading its talented team for the last six.”

"After 86 wonderful years, I am very sad to share that Reader’s Digest UK has come to an end. It has been my privilege and joy to contribute to this iconic publication for nearly eight years, leading its talented team for the last six," the post read.

Also read: Ola shuts down international ops 'in its current form' to focus on India expansion: 'Future is...'

“Unfortunately, the company just couldn’t withstand the financial pressures of today's unforgiving magazine publishing landscape and has ceased to trade.”

She also extended “heartfelt gratitude” to all the “incredible” colleagues, writers, PRs, and brands which collaborated with the magazine over the years. 

Also read: Google's Podcast app to shut down from tomorrow. Here's how you can transfer your subscriptions

“Your passion and expertise have made this journey unforgettable, and I've been fortunate enough to make some amazing friends along the way,” she said.

Mackevic also assured the writer that they would receive their pending payments.

"To any writers awaiting payment for their work, I’ve been assured that the insolvency practitioners are working to communicate with everyone about the next steps. I sincerely hope this process goes smoothly and swiftly for you," she said.

Also read: 'The Body Shop' files for bankruptcy: UK-based cosmetics major to shut down all US stores

The post attracted a lot of attention and awe from readers across the globe.

“I read your message about end of prestigious and historical reader digest it is painful news for journalism keep up best journalistic work with same integrity and honesty stay blessed,” a user said.

Another user commented: “Sad to hear that. I’ve enjoyed its spread of features. All the best to all staff affected.”

“You were phenomenal! To bigger, brighter things,” another one added.  

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeNewstrendsReader’s Digest shuts down ops in UK after 86 years: ’Just couldn’t withstand financial pressures of...’

Most Active Stocks

Indus Towers

334.00
10:29 AM | 19 JUN 2024
-9.9 (-2.88%)

Bharat Electronics

309.30
10:26 AM | 19 JUN 2024
-8.95 (-2.81%)

HDFC Bank

1,658.00
10:24 AM | 19 JUN 2024
49.25 (3.06%)

Tata Steel

180.05
10:25 AM | 19 JUN 2024
-1.1 (-0.61%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Alok Industries

29.50
10:27 AM | 19 JUN 2024
2.15 (7.86%)

Jubilant Ingrevia

554.95
10:16 AM | 19 JUN 2024
39.85 (7.74%)

Triveni Engineering & Indus

413.75
10:29 AM | 19 JUN 2024
28.85 (7.5%)

Shree Renuka Sugars

51.22
10:29 AM | 19 JUN 2024
3.47 (7.27%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,281.00-238.00
    Chennai
    72,711.00-1,095.00
    Delhi
    73,495.00-24.00
    Kolkata
    73,566.00191.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanGet App