A NEW QUARTERLY: There has been speculation that Page Six Magazine wouldn’t survive the economic downturn, but as it turns out, the weekly magazine, published in the Sunday edition of The New York Post, will — just less frequently. The title now will become a quarterly, with the last edition of Page Six Magazine’s weekly edition appearing Feb. 15. The next issue will be published sometime this spring. Approximately 23 people will lose their jobs as a result, across all departments. Jennifer Jehn, senior vice president, said the company will revisit publishing the magazine more frequently if the ad market improves.
MORE BAD NEWS FOR AMI: American Media Inc. said Thursday it is in the process of performing impairment testing of its trade names and goodwill, and management may have to record between $200 million and $220 million in charges with respect to certain titles for the quarter ended Dec. 31. The company noted that impairment testing is not completed.