New York—Dow Jones & Co. announced today that personal finance magazine SmartMoney will move to an all-digital format this summer. The magazine's September issue, on newsstands Aug. 14, will be its final in print.
To expand the brand's digital reach, the editorial staff of SmartMoney.com will increase to 15, including six new editorial staff positions. About 25 staff positions for the print edition are being eliminated as part of the print magazine's closing, with those affected eligible to re-apply for open positions with SmartMoney.com and other openings within the company.
"SmartMoney has led the way in personal finance coverage for 20 years. It has been honored with many awards and provided intelligent, objective analysis and guidance for readers in print and online. It's clear that the volatility of markets and asset classes has increased the need for rapid delivery of personal finance intelligence, so we will be expanding our team and presence on the web," said Robert Thomson, editor in chief of Dow Jones and managing editor of The Wall Street Journal, in a statement.
"The team should be extremely proud of what it has achieved and be excited by the prospect of what it will achieve."
In addition to SmartMoney.com, all content and tools from the site will be available on an expanded co-branded personal finance section on MarketWatch.com. This move extends the digital reach of the SmartMoney brand to MarketWatch's nearly 17 million monthly visitors from SmartMoney.com's 2.5 million monthly visitors. (Source: Internal/WSJDN)