UPDATE 1-Canada's Rogers to cut back on print magazines, sell titles

Fri Sep 30, 2016 3:15pm EDT
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(Adds titles for sale, company statement, media analyst comment, background, byline)

By Alastair Sharp

TORONTO, Sept 30 (Reuters) - Rogers Communications Inc will stop printing four of its biggest magazines next year and sell all its French-language and trade publications as more readers and advertisers move online, the Canadian company's media arm said on Friday.

Rogers, one of the country's biggest magazine publishers, said Canadian Business, Sportsnet, MoneySense and Flare will have digital-only versions starting next year. It will also print Maclean's, Châtelaine and Today's Parent less frequently.

Rogers' French-language titles are Châtelaine, L'actualité and Loulou. Its trade publications include Canadian Insurance Top Broker, Advisor's Edge and Benefits Canada.

Rogers, which also owns television and radio stations, has committed C$35 million ($26.7 million) to create and promote digital content, it said in a statement.

"We are going where our audiences are," Rogers Media President Rick Brace said in the statement.

The company declined to comment on savings, job losses and costs for the transition.

The overhaul is the latest retreat by a Canadian publisher from print as advertisers increasingly favor going online, often on Facebook and Google which have much larger audiences than any media company's own website.   Continued...