Runway Reporter to shutter as the axe falls at ACP Media?




According to a source within the Auckland-headquartered ACP Media, ACP Media is about to shutter some, if not all, of its websites, starting with Runway Reporter. The company's other websites include Cleo, Metro and Taste. Eight staff are said to have been made redundant. Launched by NZ fashion writer Stacey Gregg in 2006, Runway Reporter was acquired by ACP Media later that year and has since evolved into one of the region's more high profile fashion sites. Frockwriter has sought comment from both ACP Media and ACP Magazines in Sydney, with as yet no response.[Isaac Likes]
UPDATE 10/12/08: ACP MEDIA DENIES WEBSITES ARE SHUTTING, BUT CONFIRMS CONSULTATIONS WITH STAFF.
UPDATE 12/12/08: RUNWAY REPORTER SHUTDOWN BLOGGER VINDICATED, FIRED - AFTER BEING RETRENCHED.