LOS ANGELES (CelebrityAccess MediaWire) — One of the first entertainment magazines to give coverage to the behind-the-scenes people who keep Hollywood running, has announced plans to discontinue its operations after the April issue.
Premiere magazine, owned by publisher Hachette Filipacchi Media W.S., announced that the Los Angeles-based news and gossip publication would cease its print operations in April, leaving only Premiere.com and Premiere Mobile to host daily Hollywood news, interviews and access to video trailers.
According to the Los Angeles Times, the magazine suffered greatly as the number of outlets covering celebrity news mushroomed, both on the Internet and on newsstands, with Premiere’s print advertising revenue declining 25 percent over the past year.
Launched in 1987, Premiere grew in fame with its annual Power List, which caused a frenzy among agents and executives who jostled for the top spots.
The magazine’s Editor in Chief Peter Herbst will leave the company, but the total number of layoffs was not disclosed. –by CelebrityAccess Staff Writers
