"Primedia", Stops printing Kit Car Magazine!!

[rwhite692]

Originally Posted by Steve1968LS2

Actually these decisions are made rather quickly.

Kit Car was a very niche magazine and only sold a few thousand copies in total. In this economy companies need to keep what turns a profit and ditch what's loosing money or barely making it. Back in the fat days they could afford to have a low performer, not today.

Also, they aren't going to "rip you off". They will most likely offer a refund or another one of thier magazines.

Even if you didn't get a refund think about it. You lost $10-$20 but other people lost thier jobs.

I think you need to put stuff in perspective.

Steve, I couldn't have said it better.

It is very, very ugly out there and many companies are forced to act.

[XcYZ]

I also have to wonder if the banks and/or investors in Source Interlink have the say in what stays and what goes in order to keep the operating capital flowing. There very well could have been a meeting of the power players and they dropped the hammer on anything that wasn't turning X amount of profit.

I guess my point is that the blame for shutting down Kit Car Magazine may not fall solely on the shoulders of Source Interlink.

[cmraman]

Originally Posted by XcYZ

I also have to wonder if the banks and/or investors in Source Interlink have the say in what stays and what goes in order to keep the operating capital flowing. There very well could have been a meeting of the power players and they dropped the hammer on anything that wasn't turning X amount of profit.

I guess my point is that the blame for shutting down Kit Car Magazine may not fall solely on the shoulders of Source Interlink.

Well said. Also this should drive the point to support your favorite automotive magazines. If people don't support them, they too may disappear. It's pretty scary right now.

[tyoneal]

Originally Posted by XcYZ

I also have to wonder if the banks and/or investors in Source Interlink have the say in what stays and what goes in order to keep the operating capital flowing. There very well could have been a meeting of the power players and they dropped the hammer on anything that wasn't turning X amount of profit.

I guess my point is that the blame for shutting down Kit Car Magazine may not fall solely on the shoulders of Source Interlink.

====================

Scot:

Thanks for chiming in.

I'm sure in a way you right. There is always politics in any big corporations. $100 says that there are less subscribed to magazines, and because some Directors daughter likes a magazine about horses, it is aloud to stay, to make his little darling happy.

Loud Gas Guzzling, tire smoking cars are not exactly PC. We might actually destroy the planet on the Power Tour or something. ;-)

Take Care,

Ty

[Steve1968LS2]

Seriously though.. the guy running Kit Car (the editor) found out the magazine was killed the day he was escorted from the office.

Another guy was brought in to finish that issue.. poof, it was gone.


In a fat economy we could keep mags just on principal, can't do that today.


I will ask officially about subscribers and let you know. Times are tough all over and several magazines were axed, not just auto related.


And so the world turns

[tyoneal]

Originally Posted by Steve1968LS2

Seriously though.. the guy running Kit Car (the editor) found out the magazine was killed the day he was escorted from the office.

Another guy was brought in to finish that issue.. poof, it was gone.


In a fat economy we could keep mags just on principal, can't do that today.


I will ask officially about subscribers and let you know. Times are tough all over and several magazines were axed, not just auto related.


And so the world turns

===========================
Steve:

I really hate to hear that otherwise Trusted and Loyal Employees are treated so crappy. When I went through my two layoff's it was similar, it was then I realized that an employee is nothing more than a necessary evil to the business. If the Companies didn't absolutely have to have them they wouldn't.

When they Changed the Office of Personnel, to, "Human Resources", you could tell then the company was separating itself from the Person with a Name, to a Resource with a Number.

None of the Big Companies deserve a dimes worth of Loyalty, because they damn sure don't have any for the people working there. The only ones I see that do good, is to Always have a Resume out looking for your next Job. You can usually get raises a lot faster as well.

In any event I feel sorry for the people in that department. You could see they were working at getting the Title off the ground, but didn't have enough time.

Thanks for your input as always. I hope no one on this site gets the knife, it ALWAYS SUCKS so bad.

Take Care,

Ty

[XcYZ]

Maybe if more people would have subscribed or bought it off the newstand, it would still be around.

There's a lesson here... if you don't want your favorite magazine to go under, be sure to subscribe. Spend that $1 an issue.

[ProTouring442]

Originally Posted by tyoneal

===========================
Steve:

I really hate to hear that otherwise Trusted and Loyal Employees are treated so crappy. When I went through my two layoff's it was similar, it was then I realized that an employee is nothing more than a necessary evil to the business. If the Companies didn't absolutely have to have them they wouldn't.

When they Changed the Office of Personnel, to, "Human Resources", you could tell then the company was separating itself from the Person with a Name, to a Resource with a Number.

None of the Big Companies deserve a dimes worth of Loyalty, because they damn sure don't have any for the people working there. The only ones I see that do good, is to Always have a Resume out looking for your next Job. You can usually get raises a lot faster as well.

In any event I feel sorry for the people in that department. You could see they were working at getting the Title off the ground, but didn't have enough time.

Thanks for your input as always. I hope no one on this site gets the knife, it ALWAYS SUCKS so bad.

Take Care,

Ty

I think you may be missing something here. Have you ever closed or sold a business? Do you know what happens if you tell your employees that you are closing or selling? They leave in droves, and some will even sabotage things. When my father announced he was selling his service station, several people quit that day, despite the fact that they had a shift to work. Over the next several weeks, several items mysteriously broke. Someone set the microwave on fire by nuking a half&half container until it caught fire. Someone, most likely the microwave culprit, set the toilet on fire as well. When their life is going to change, people frequently react in a violent way.

While I sympathize with the employees, I have to say I don't blame management at all for the way in which they shut things down.

Shiny Side Up!
Bill

[rwhite692]

In conditions like what we are seeing now, the overwhelming majority of companies that lay people off simply have no other choice. When the business is in an extended operating cash crunch, expenses have to be cut, or, the business must burn through it's savings (which it may not have).

Prior to the recent trouble in the financial markets, a business facing a short term operating cash crunch typically could access a line of credit to bridge the gap until business activity improved. For most companies, that option is entirely GONE.

Therefore, we can expect more companies will be forced to act, since there is no line of credit available to provide any "elasticity" for maintaining operations.

Cash is King.