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Owner of Nöjesguiden magazine files for bankruptcy, all staff laid off
🇸🇪 Sweden /Economy & Trade

Owner of Nöjesguiden magazine files for bankruptcy, all staff laid off

From Dagens Nyheter · () Swedish

Translated from Swedish, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • HKM Media Group, owner of the magazines Nöjesguiden and Kingsize, has filed for bankruptcy, resulting in the termination of all employees.
  • The future of Nöjesguiden remains uncertain, with its editor-in-chief stating all staff, including himself, have been laid off.
  • Despite the bankruptcy, the editor-in-chief expressed optimism for Nöjesguiden's survival, calling it a resilient publication.

HKM Media Group, the parent company of prominent Swedish magazines Nöjesguiden and Kingsize, has declared bankruptcy. This financial collapse has led to the immediate termination of all employees across the group's publications.

The future of Nöjesguiden, a long-standing cultural publication, is now uncertain. Frasse Levinsson, the magazine's editor-in-chief, confirmed that he and his entire staff have been laid off. He stated that decisions regarding the magazine's future now rest with the owners, with whom he has had no recent contact.

It is not up to me to think about the future, as I am not the owners. How the owners think, I do not know. They have not been in contact with me.

— Frasse LevinssonRegarding the uncertainty of Nöjesguiden's future following the bankruptcy.

Despite the grim circumstances, Levinsson expressed a resilient outlook for Nöjesguiden. He described the magazine as a "cockroach that has refused to die," suggesting he would be surprised if this bankruptcy marked its definitive end. He believes in the publication's potential to endure and continue its cultural commentary.

Nöjesguiden has a history of navigating challenging times, and Levinsson's comments reflect a hope that the brand's legacy and readership will allow it to overcome this latest crisis. The company HKM Media Group is currently being sought for further comment as the situation unfolds.

Nöjesguiden is a cockroach that has refused to die, so I would actually be surprised if this is the end.

— Frasse LevinssonExpressing optimism about the magazine's potential survival despite the bankruptcy.
DistantNews Editorial

Originally published by Dagens Nyheter in Swedish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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