It’s a sad day for the publishing industry, as NME has announced it will no longer publish its print magazine…
For years, the magazine industry has been in decline. NME was launched in 1952, and the free version launched in 2015 with Rihanna on the cover.
This weeks issue of Friday the 9th of March will be its last free print issue, but NME has vowed to expand its online digital presence.
The free magazine has been distributed to commuters and students every week since 2015.
Time Inc included in a statement: ‘NME’s free weekly print magazine will cease publication. This week’s issue of the magazine out on Friday will be the final free print edition.’
Managing director, Paul Cheal, said: ‘NME is one of the most iconic brands in British media and our move to free print has helped to propel the brand to its biggest ever audience on NME.com. At the same time, we have also faced increasing production costs and a very tough print advertising market. Unfortunately we have now reached a point where the free weekly magazine is no longer financially viable. It is the digital space where effort and investment will focus to secure a strong future for this famous brand.’
Many people have called this announcement the end of an era.