TEN Publishing is closing 19 of its 22 automotive magazines by the end of 2019, Folio: reported, citing a memo sent to staff by MotorTrend Group president and GM Alex Wellen.
The company will continue to publish and print MotorTrend, Hot Rod and Four Wheeler, Folio: reported.
Automobile, Muscle Car Review, Truck Trend, Vette and Mustang Monthly are among titles to be shuttered.
“I know this is difficult news, but I want to assure you that we remain committed to you and your pursuit to deliver quality automotive storytelling and journalism across all of our content platforms,” wrote Wellen in the memo.
“Tens of millions of fans visit MotorTrend’s digital properties every month, with the vast majority of our consumption on mobile, and 3 out of every 4 of our visitors favoring digital content over print.”
The group will continue to offer audiences digital coverage for the discontinued print titles online, the memo said.
The memo mentioned a voluntary separation program for staff, Folio: said.
MotorTrend Group is a Discovery joint venture with GoldenTree Asset Management, with Motor Trend Group being a portfolio company for GoldenTree.