April may close all magazines except Veja, Exame and Claudia



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The DCM – Power 360 reports that, due to a brutal wound, the publisher Abril, which publishes Veja, is expected to announce in July about 360 layoffs. According to the publication, there are 300 layoffs and extinctions of almost every magazine. There will be three exceptions: Veja, Exame and Claudia. Read below, badysis published in the GGN on the possibility of judicial recovery:

GGN Journal – Miguel Enriquez published an article in the World Center newspaper exposing the bitter millionaire loss by Editora Abril and indicating that if the company does not give no way to catch your breath, may end up resorting to judicial recovery. According to the chronicler, this situation puts even more pressure on Veja and has its share of guilt on the journalism stuffed with false news of the last editions.

According to the article, "people who follow more closely the agony of April" say that the volume of signatures has halved in recent years and would be "between 500,000, in the more benign, and 300,000, in the most realistic. "

The "balance sheets of the group, audited by PricewaterhouseCoopers (PwC)", show that the publisher had "a loss of R $ 331.6 million in 2017, continued and widened the trajectory of losses, which over the three last years totaled R $ 768.1 million. "

Debt" was also worrisome: until 2024, the group will have to pay creditors loans and financing of R $ 1.2 billion, of which $ 359 million at the end of 2019. "

" This situation, "says the report at the end of April, indicates" the existence of a relevant uncertainty that may raise significant doubt about its continuity of operation. "

" If the injury trajectory is not interrupted, there is internally who admits that there will be no alternative for April other than recovery, as it did with its sister company Editora Três, which, even for the benefit of 2007, is still bear in deep financial crisis.

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