Design Week and New Media Age subscribers will not be offered refunds as magazines close
Centaur Media have announced that subscribers to Design Week and New Media Age, the magazines they closed this week, will not be offered a refund. Instead, they will be given access to the publications’ websites.
The New Media Age website is already paid for, but the news means that Design Week is to go behind a paywall too.
Design Week currently has 4410 subscribers according to ABC, 2913 who pay the full rate of £85. Another 1,495 receive discounts of between 50% and 100%. This would put the value of the business at around £300,000 in total.
New Media Age meanwhile has 2,429 subscribers paying £99.00 and around 1,200 who received special offers valuing the subscription list at around the £300,000 mark as well.
According to publishing experts the company would be reluctant to book through £600,000 of refunds so will be hoping subscribers will either be too apathetic to request their money back, or happy with the alternative offer.
Said a Centaur spokesman, Design Week will go behind a paywall with immediate effect, and will be offering a more enhanced service.
New Media Age, meanwhile will be taking more of their content behind the website’s paywall and offering products such as free apps to compensate for the loss of the weekly publication.