Print magazine axed in favour of web version

Teen People, one of the first major magazines in the US to be launched simultaneously in print and on the web is axing its print version. The decision by its owner, Time Inc., is a further sign of the migration of readers – particularly young ones – from the printed page to the net. It is thought that it could precede similar changes at other publications owned by Time Inc., the world's largest magazine publisher. Teen People was launched in 1998 as an extension of People, and enjoyed a sale of 1.6m in 2001 which has slipped to 1.45m. (Via marketwatch.com)