Centaur has closed the print editions of two financial monthlies, blaming market conditions and competition from online breaking news for the decision.
The publisher has closed free, controlled-circulation titles Mortgage Distributor and Loan Distributor.
The two will continue as websites and there will continue to be branded events under the two names. Mortgage Strategy, Centaur’s weekly title in the portfolio is unaffected by the changes.
Publisher Anna Ruddock told Press Gazette that the closures came about after the monthly titles struggled to compete against online breaking news.
‘A monthly can’t provide breaking news in the same way as online, which we had been looking into anyway. There’s no denying that market conditions have made the commercial environment harder.”
The websites will focus on improving audience interaction and breaking daily news. The existing Mortgage Distributor website will be relaunched with a new Loan Distributor site due to appear in three weeks.
One online editor is due to be appointed to the websites, which will mean the loss of one editor from the monthly titles.