Confirmed from multiple sources.
Closing end of November.
— Mike Rogge (@skiingrogge) October 3, 2020
Former Powder Magazine Editor, Mike Rogge, stated yesterday that he believes Powder Magazine will be closing down in the end of November 2020.
Other industry insiders are stating the same as Rogge: Powder Magazine is going to close its doors.
On the spine of the latest issue of the magazine is printed “We’ve still got issues”.
Powder Magazine hasn’t released any statements on any of its platforms about their potential closure as of this writing.
We sincerely hope that if Powder Magazine does close down, that it’s only temporary.
American Media Inc. is the current owner of Powder Magazine and they also own:
- National Enquirer
- Men’s Journal
- US Weekly
- Many more…
American Media, Inc. (AMI) is an American publisher of magazines, supermarket tabloids, and books based in New York City. Originally affiliated with only the National Enquirer, the media company’s holdings expanded considerably in the 1990s and 2000s. In November 2010, American Media filed for Chapter 11 bankruptcy protection due to debts of nearly $1 billion, but has continued to buy and sell magazine brands since then.
AMI has been in the news affiliated with accusations of catch and kill operations. On December 12, 2018, the U.S. Attorney’s Office reported that AMI admitted to paying $150,000 to Karen McDougal in concert with a candidate’s presidential campaign for the sole purpose of preventing damaging allegations prior to the 2016 US presidential election.
According to its September 2018 non-prosecution agreement with Southern District of New York federal prosecutors, AMI “shall commit no crimes whatsoever” for three years, otherwise “A.M.I. shall thereafter be subject to prosecution for any federal criminal violation of which this office has knowledge.”
On April 10, 2019, Chatham Asset Management, which controls 80 percent of AMI’s stock, forced AMI to sell the National Enquirer. This came after Chatham owner Anthony Melchiorre, who AMI has also relied on for survival, expressed dismay over the tabloid magazine’s recent scandals involving hush money assistance to U.S. President Donald Trump‘s 2016 campaign and blackmail of Jeff Bezos. On April 18, 2019, AMI agreed to sell not only the National Enquirer, but two of its other publications, Globe and National Examiner, to Hudson Group.