Scholastic has owned Weekly Reader, a magazine aimed at children and what can only be described as a grammar school must-read, for about six months and today they’ve announced that they’re shutting the 110-year-old publication down. … More specifically, sources told Kosman and Kelly, “subscribers to each of the most popular editions, which cost as little as $4.99 a year, have fallen from 1 million in 1990 to less than two-thirds of that figure, according to sources.”
What happens now, as Kosman and Kelly explain, is that Scholastic will fold Weekly Reader into Scholastic news and will only retain five of the Weekly Reader’s 60 employees.
Newspaper owners: Why don’t you step up and subsidize this for all school kiddies?
Don’t you want future newspaper readers?
I guess not.
That’s too bad.
Chalk this up to another sign of the ongoing newspaper apocalypse.