His departure won't draw the same level of attention as Joe Dolce's split with the high-profile Star, but it will be noticed by anyone considering buying the magazine. American Media put Country Weekly and four other titles on the block last June, but the sale effort has already been slowed by the company's long-delayed, still-to-come financial restatements.
Thanked by Pecker
In an internal good-news memo last month, company Chairman-CEO David J. Pecker thanked Mr. Gubbins and his team for continuing to turn out strong issues with impressive newsstand sales.
Mr. Gubbins could not be reached this afternoon; his outgoing voicemail message says he is out of the office until March 5. A spokesman said Mr. Gubbins resigned but will serve as a consultant to the magazine. No successor has been identified.
Country Weekly reported average paid and verified circulation of 449,818 for the second half of last year, an increase of 6.6% on a 14% surge in subscriptions and an 8.2% newsstand decline, according to the Audit Bureau of Circulations.
Ad pages at Country Weekly rose 5.5% to 811.7 last year, according to the Publishers Information Bureau.