[URBAN NOTE] On the closure of Toronto weekly The Grid
I was alerted by Torontoist to the news that The Grid, the free Torstar weekly that succeeded Eye Weekly in 2011, will be closing down effective immediately. Tomorrow's publication of the 3rd of July will be the final one.
The Toronto Star hosts the Torstar press release.
The award-winning weekly newspaper, aimed at Toronto’s young and vibrant downtown core, was unable to generate sufficient revenue despite a strong and loyal following, the publication’s owner said in a statement.
“It is with considerable regret that I am announcing today the closure of The Grid,” John Cruickshank, president of Star Media Group said in a statement.
[. . .]
Launched in May 2011, The Grid quickly earned a solid reputation as a top-quality, innovative city magazine for the downtown Toronto core, the company said in a statement.
Year after year, The Grid has won national and global awards, ranging from National Magazine Awards to Canadian Online Publishing Awards and awards from the Society for News Design. It is truly a world-leading publication from both a design and content perspective, in digital and in print.
Regretfully, despite a strong and loyal following, we have been unable to generate sufficient revenue from marketers and other sources to fund The Grid’s great journalism.
I will also note that Torstar also owns a 90% share in English Canada's free morning Metro editions. Will Torstar migrate some of its content from The Grid to the Toronto Metro, I wonder?
The Toronto Star hosts the Torstar press release.
The award-winning weekly newspaper, aimed at Toronto’s young and vibrant downtown core, was unable to generate sufficient revenue despite a strong and loyal following, the publication’s owner said in a statement.
“It is with considerable regret that I am announcing today the closure of The Grid,” John Cruickshank, president of Star Media Group said in a statement.
[. . .]
Launched in May 2011, The Grid quickly earned a solid reputation as a top-quality, innovative city magazine for the downtown Toronto core, the company said in a statement.
Year after year, The Grid has won national and global awards, ranging from National Magazine Awards to Canadian Online Publishing Awards and awards from the Society for News Design. It is truly a world-leading publication from both a design and content perspective, in digital and in print.
Regretfully, despite a strong and loyal following, we have been unable to generate sufficient revenue from marketers and other sources to fund The Grid’s great journalism.
I will also note that Torstar also owns a 90% share in English Canada's free morning Metro editions. Will Torstar migrate some of its content from The Grid to the Toronto Metro, I wonder?