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Philippines’ Summit Media axes six magazine print editions to ‘complete digital transformation’

One of Philippines’ biggest publishers has closed down the print editions of six glossy magazines in a bid to become completely ‘digital first’.

Summit Media, one of the country’s main magazine publishers, has axed the physical editions of six titles: Cosmopolitan, Preview, YES!, Top Gear, FHM, and Town & Country, moving them all entirely online.

Since its foundation in 1995, Summit Media has previously published some of the world’s biggest magazine brands, including Good Housekeeping, Men’s Health and Women’s Health and Seventeen, in addition to its own homegrown titles.

However, over time company has dropped these titles and migrated others, such as Esquire, online in an effort to “reinvent” itself for a digital audience.

In a company statement announcing the latest closures, president Lisa Gokongwei-Cheng said: “Summit Media was born auspiciously in an era of pulp and ink.

“We will always owe a debt of gratitude to the medium, to the brilliant teams whose dedication and efforts created magazines that excelled in that landscape, to the generations of loyal readers who not only supported their favourite brands but even imbibed their tenets and values, and to our advertisers, without whose partnership with and belief in us we would not have succeeded.

“Moving forward and into the future, we are excited as we continue to reinvent ourselves to become an even more compelling destination in a digital era where opportunities abound.”

Summit Media’s move coincides with Mediacorp’s decision to also axe a number of its lifestyle magazine titles, with the closures of 8 DAYS, i-Weekly and ELLE

Meanwhile last year, Men’s and Women’s Health in Malaysia ceased publication after two years owing to publisher, Mongoose Media, relinquishing the licenses.

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