Associated Media Publishers to close its doors
Prominent media house Associated Media Publishers (AMP) announced on Thursday that it will permanently close its doors from May 1.
The company, which was launched in 1982 by Jane Raphaely, published popular magazines such as Cosmopolitan, House & Leisure, Good Housekeeping and Woman on Wheels.
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CEO Julia Raphaely says the company has suffered tremendous financial loss as a result of the coronavirus pandemic.
"The unexpected and devastating impact of Covid-19, causing closure of printing and distribution channels, the global halt on advertising spend as well as the inability to host events for the foreseeable future, have made it impossible to continue trading.
"It's a big blow for magazine media brands in South Africa as they hold a special place in our country. We never thought this day would come, but we are left with no choice."