Since March both the Cross Stitch Crazy magazine and Cross Stitch gold magazine, both rating highly on our cross stitch magazines review, have been on pause due to the recent stay at home events. However, their owner Immediate Media has now announced plans to close 12 magazines, including those titles.
We first heard about the possible plans back in July, however independent sources within the company have now confirmed that positions are being made redundant and the last issues will be 268 (Cross Stitch Crazy) and 162 (Cross Stitch Gold).
The cancellation of some of the best-known magazines in the cross stitch area is estimated to impact roughly 28,000 users, with Cross Stitch Crazy having a readership of 24,400. Redundancies were made on Friday 7th August, and no official announcement has been made to either readership.
In the last few years, we’ve also seen the likes of F&W Media collapse, the owner of The Cross Stitcher, however, this allowed a new owner to come in and take control of production. We’ve learned that this will not be the case with either magazine owned by Immediate Media and they are looking to close them permanently.
The publisher has said that “In order to the protect the long-term future of Immediate we have embarked on a cost-saving project across the business, which unfortunately will include some redundancies and the closure of some brands in our craft and homes portfolio and the phased closure of some of our youth and children’s titles.”
Press Gazette Press Release
Immediate Media former employees
Immediate Media Website