It's a rough time in the salon industry. Read the following excerpt from the Milady website.
Early this morning, Conde Nast announced that they will cease production on four of their eminent magazines—most notably, Modern Bride and Elegant Bride. Although a hard hit for the beauty industry, this conversion only accentuates the central crisis in today’s publishing world. This year alone, publishers have closed numerous magazines, greatly reduced circulation, and sent countless journalists to the unemployment line.
Additionally, Questex Media, of American Salon and Spa and IBS Show fame, has filed for Chapter 11 bankruptcy. The conglomerate is currently responsible for publishing 23 print magazines as well as over 150 trade websites. According to a press release, the company debt will be sold to a group of shareholders.
