Citing MCO, digital challenges, magazine publisher Blu Inc Media calls it a day
Thursday, 30 Apr 2020 03:06 PM MYTBlu Inc Media is well known for producing magazines such as CLEO, Marie Claire, Malaysian Women’s Weekly, Shape, Cosmopolitan and Harper’s Bazaar. — Picture via Facebook
KUALA LUMPUR, April 30 — Magazine publisher Blu Inc Media Sdn Bhd has ceased operations due to challenges arising from the digital disruption and Covid-19, after almost four decades of operations. It’s CEO Datuk Azliza Tajuddin in a statement today said that due to falling revenues and an uncertain future the company has been forced to shut down.
“Our business has already been under a tremendous challenge from digital disruption over the past few years. “While we have made increasing investment to build our digital capabilities, it is still unclear whether we have gained sufficient traction while the losses continue to increase,” said Azliza.
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