WWE informs subscribers about officially closing down the magazine division

Vince McMahon has to close down the WWE magazine

WWE has announced, as part of its cost cutting initiative, that it is dropping its entire magazine division. Subscribers of the magazine were informed on Tuesday that the final issues will be the September issue of WWE Kids and October issue of WWE Magazine.

WWE's magazine division has developed massively in the last 30 years. In April 2013, WWE Magazine became available for the first time via digital platforms. Currently,the company describes WWE Magazine, per its annual report, as a "global men’s lifestyle publication."

Meanwhile, the WWE Kids brand, which was launched in April 2008, is described in a previous annual report as a "bi-monthly publication for 6-14 year old WWE fans."

The reason for the magazine closing down is the steady decline in sales over the last few years. The net units sold during the year 2003 were 6.4 million, but the figure went down to 1.8 million in the calendar year 2013.