Technology publisher Ziff Davis revealed first to PaidContent.org that it will shut down the print edition of PC Magazine to focus on the publication's Web presence after the January issue. Ziff Davis CEO Jason Young said the transition to an online-only format is the culmination of a seven-year plan, adding that the title earns 70% of its revenue via its digital offerings. Seven employees were laid off as a result of the decision. Former staffer Robert S. Anthony, who worked at the magazine from 1993 to 1998 during the era of 500-plus page editions, called the decision “the end of an era.”
Also in the media glare:
Roger Ailes, Fox News chairman and CEO, agrees to stay News Corp. for five more years.
The Associated Press could cut as much as 10% of its workforce in 2009.