IT’S A WRAP AS TIME INC. FOLDS ‘TEEN PEOPLE’
Like ‘ElleGirl,’ Will Live on as Website
By Nat Ives, AdAge.com
Teen girls, and the advertisers that want to reach them, your magazine options just got chopped — again. Time Inc. is closing Teen People after eight years, effective with the September 2006 issue, displacing about 50 employees and echoing the abrupt exit of Hachette Filipacchi Media U.S.’s ElleGirl earlier this year.
Time Inc. is folding the print edition of ‘Teen People.’ But fall fashion advice will be found online.
No word was available at press time on the fates of Gregg R. Hano, Teen People’s publisher, and Lori Majewski, its managing editor, but Time Inc. said in a memo to staff that it is working to find spots for as many Teen People employees as possible within the company.
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