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SPOTIFY Q1 PROFIT TOPS $1B; SUBS HIT 239M
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NME GOES DIGITAL ONLY
3/7/18

Here’s a sign o' the times: famed U.K. music mag NME will no longer exist in print format after its publisher, Time INC UK, was sold to private equity firm, Epiris Fund II. The brand will continue online and new digital services are said to be in the works.

This week’s issue is the final free print edition. Paul Cheal, Time Inc. U.K. group MD of Music, said the decision is due to “increasing production costs and a very tough print advertising market.”

Founded in 1952 as the New Musical Express, NME was an integral part of U.K. music culture for decades.

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