Financial Review Group has closed technology publication MIS Magazine, Mumbrella can reveal.
There are no redundancies as a result of the closure, as the title’s editorial team has been redeployed on the Australian Financial Review and afr.com.
A decline in ad revenue has been given among the reasons for the closure. “Advertisers in the technology space have moved more aggressively online than other advertising categories,” MIS Magazine’s editor Brian Corrigan told Mumbrella.
MIS Magazine’s website, misaustralia.com, now directs to afr.com.
The Financial Review Group’s CEO and publisher Brett Clegg said in a statement:
We have made the pragmatic decision to focus our technology coverage in our paper and online, rather than concentrating it in the form of a monthly controlled circulation magazine.
It is wrong to see this as a diminution in our commitment to the information and technology space. Rather in the coming period you will see that we are substantially expanding the scope and depth of our coverage.
We have a number of exciting initiatives in train which will engage and delight our category readers and commercial advertisers. Our recent pricing changes around afr.com have resulted in a dramatic lift in online subscriptions which creates an exciting growth platform not just for our technology journalism, but across all our publications.