Trade Publisher Cygnus Axes 50, Suspends Four Titles

Cygnus Business Media laid off 50 employees—or 12 percent of the company’s workforce— and closed four underperforming titles, our colleagues at FishbowlNY report. The company spokesperson declined to comment on which four titles are being suspended but sources are saying the mags are Modern Jeweler, Lustre, RV Trade Digest and Wood Digest. Modern Jeweler confirmed the shutdown in a blog post.