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The Money Show with Bruce Whitfield
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The Money Show with Bruce Whitfield
18:00 - 20:00

Covid-19 devasted Cosmopolitan publisher AMP closes shop, forever

30 April 2020 6:52 PM

The once-mighty 38-year-old media house is no more. The Money Show’s Bruce Whitfield interviews Chris Botha (Park Advertising).

Independent media house Associated Media Publishing (AMP) is shutting down for good, announced its CEO Julia Raphaely on Thursday.

FILE: The May 2020 issue of 'Cosmopolitan' magazine. Picture: @CosmopolitanSA/Twitter.

AMP will permanently stop selling and publishing Cosmopolitan, House & Leisure and Women on Wheels on Friday.

Raphaely’s mother, Jane, founded the company in 1982.

The unexpected and devastating impact of Covid-19, causing the closure of printing and distribution channels, the global halt on advertising spend as well as the inability to host events for the foreseeable future, have made it impossible to continue trading, despite large amounts of personal funds having gone into AMP.

Statement by Associated Media Publishing

This is the most difficult decision I have ever had to make… We never thought this day would come, but we are left with no choice.

Julia Raphaely, CEO - Associated Media Publishing

The Money Show’s Bruce Whitfield interviewed Chris Botha, MD at Park Advertising.

It’s tragic… For many women, it was basically The Bible… There’s a social and financial impact…

Chris Botha, MD - Park Advertising

They had 900 000 readers… They hosted 15 events per year… but the market itself is just so tough. It’s indicative of what’s to come…

Chris Botha, MD - Park Advertising

Listen to the interview in the audio below.


30 April 2020 6:52 PM

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