Team Rock goes into administration December 23, 2016Posted by WorldbyStorm in Uncategorized.
Team Rock which owned Metal Hammer, Classic Rock and Prog was taken over by administrators earlier this week. These are – admittedly – genre tastes, but whatever you think of them and I liked CR a lot, I’ve worked in magazines myself over the years and I hate to see jobs in print media go – or any jobs for that matter. At least 73 people out of work, possibly a few more – there’s a skeleton staff keeping matters ticking over.
A lot of effort had gone into building the titles – from my own experience I could see how they were trying to extend themselves online in order to supplement the printed aspect. But it would seem to no avail.
With an office employing 30 odd staff in Scotland as well as 50 in London it was quite dispersed. This from the Daily Record gives a sense of the financial side.
Is the print model broken? Is every model broken?