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She magazine and Cosmopolitan Bride closed with immediate effect |
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Hearst Magazines UK has closed Cosmopolitan Bride and women's lifestyle title She, following the completion of a portfolio review sparked by the $651m acquisition of rival brands including Elle and Red.
In an email to staff Arnaud de Puyfontaine, the chief executive of Hearst Magazines UK, said both titles would be closed with immediate effect and that he would "endeavour" to find new roles in the expanded company for staff affected.
"As a business that believes strongly in the future of print, it is never an easy decision to close a magazine and we have looked long and hard at all options," he said. "However, we are taking this decisive action now to strengthen our overall portfolio, focusing our investment on our stronger titles and digital expansion".
Read more here. |
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Third of adults 'use smartphone' says Ofcom report |
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One in three adults in the UK now uses a smartphone, according to a report by the telecoms regulator Ofcom.
Apple's iPhone was said to be the most popular brand. However, teenagers appeared to favour RIM's Blackberry devices.
The report notes that the increased uptake of smartphones has led to a dramatic rise in mobile internet use.
Facebook was the most visited website on handheld devices, with 43 million hours spent on it in December 2010.
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Charities 'hit by funding cuts' |
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More than 2,000 charities across England have had their funding cut or withdrawn altogether by local councils, according to research.
An anti-cuts campaign produced the findings from more than 250 responses to Freedom of Information requests.
The cuts total more than £10m in the past year, but the final figure could be far higher, their report claimed. |
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UK economy to grow at 'sluggish' rate, CBI predicts |
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The UK economy will grow at a "sluggish" rate this year, according to the CBI.
The group has lowered its forecast for the UK's GDP in 2011, predicting growth of 1.3%, down from its previous prediction of 1.7%, made in May.
But the CBI still expects the economy to pick up in 2012.
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Why does Google+ insist on having your real name? |
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Google+ took only 24 days to reach 20 million users but their decision to delete accounts without real names attached has caused anger. So why do social networks insist on your real name?
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