At least 23 employees of the British edition will lose work.
On Friday, March 9, the British magazine NME (New Musical Express), which is considered one of the world’s major publications about the music industry, released its latest printed issue. This decision was explained to the owners of NME by the growing prices for the production of printed products and the difficult situation in the advertising market.
Now the magazine will exist only in the online version. The management of the publication added that they don’t exclude the possibility of publication of individual printed issues, but they will be issued in a limited number and irregularly. According to The Guardian, the liquidation of the printed version will result in dismissals: at least 23 employees of the publication will lose their jobs.
NME was founded 66 years ago — in 1952. Already in the 1960s, the magazine became one of the leaders in its segment, and in the 1970s reached a peak of popularity — primarily thanks to the active support of punk and new wave performers. Many music critics note that the popularity of these areas is largely due to the articles in the NME.