B the Change Media is shuttering B Magazine.
The March print edition of B Magazine will be the company’s last. The quarterly social business journal, with 7,000 subscribers, was a spinoff of B Lab, the Wayne, Pennsylvania nonprofit that issues “B Corp.” certifications of businesses’ social and environmental performance.
Bryan Welch, CEO and publisher, told clients and contributors that the company needed a second round of financing “and unfortunately we could not secure that funding in time,” according to a note reviewed by ImpactAlpha.
B the Change Media says it will reduce staff to just one person, an editor, and continue to publish content on its website. The shutdown follows the recent absorption of Upworthy by Good Worldwide.
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