We didn't even think about the ramifications of this when we heard that two major soaps were getting the axe yesterday!
Such a bummer for those who are working at already-struggling magazines like Soap Opera Digest and Soap Opera Weekly, who will most likely be losing their jobs:
Source Interlink, which publishes soap titles Soap Opera Digest and Soap Opera Weekly, is cutting staff and turning over the magazines' operations to National Enquirer and Shape owner American Media Inc. on a licensing deal.
No money is believed to have changed hands between the two publishers, both of which emerged from pre-packaged Chapter 11 bankruptcy filings in the past year.
They are expected to split whatever profits they can wring out of the magazines. The deal also includes Source-owned Pixie, a young teen title, and a series of puzzle books sold at retail outlets.
Rough times for the soap opera based mags, that's for sure. Though, would it be that big of a stretch to switch over to covering everything reality television wise? Those a pretty much soap operas, but they don't run constantly. Which is made up for by the fact that there are a billion of them.
Actually, it looks like they might try:
The two magazines now have combined circulation of around 650,000 — 500,000 for the now monthly Soap Opera Digest and 150,00 for Soap Opera Weekly. With the empty pockets at checkout counters, insiders said AMI is already working on a newsstand special on reality-TV shows, covering Kim Kardashian and shows such as "Housewives of Orange County."
Seems like a viable solution to us, unless of course reality TV decides to fall by the wayside (yeah right)!
We feel bad for those losing their jobs, we hope you find something to replace them asap!!
Tags: america, bankruptcy, magazine, money, national enquirer, reality, reality television, reality tv, sad, series, show, tv