Associated Media Publishing, one of South Africa’s most powerful independent media houses, will cease trading, and publishing its magazine titles from 1 May 2020.
The company; which published Cosmopolitan, House & Leisure, Good Housekeeping and Women on Wheels; is closing its doors permanently due to the impact of COVID-19.
AMP was launched in 1982 by Jane Raphaely; a woman who has played a pivotal role in magazine publishing and female empowerment in South Africa. Her daughter Julia took over the helm during the last turbulent decade, transforming the company to meet the challenges the entire publishing industry faced.
Although every effort was made to achieve this, 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.
“This is the most difficult decision I have ever had to make,” said Julia. “It’s a big blow for magazine media brands in South Africa as they hold a special place in our country. We never thought this day would come, but we are left with no choice.”
What will the future hold?
“The future of many industries is uncertain. AMP is currently dealing exclusively with trying to minimise the negative financial implications this terrible outcome will cause to creditors and staff.”
Julia expressed her great sadness at the distress the decision would cause and added that AMP is incredibly proud of the magazine media brands it has cultivated over nearly four decades of business.
“We are forever grateful to the people who have been involved and helped to build important media platforms and inspire millions of people across the country.”