Spiegel closes <i>Manager Magazin</i>

Spiegel has confirmed plans to close production of <i>Manager Magazin</i>, its reason being the financial crisis. December will be the last month the monthly will hit the shelves.

"Business news around the world has serious problems due to the financial crisis and the collapse of the car industry. The financial results of the Polish version of Manager Magazin to a large extent depends on the ad revenue from these sectors," wrote in a communiqué Ove Saffee, president of The Spiegel Group Inc and Nikolaus von Nathusius, president of Manager Media.

Source: Puls Biznesu