Staff jumping ship over Bauer restructure
GLOSSY publisher Pacific Magazines is taking advantage of a serious restructure at Bauer Media, poaching several loyal staff and enticing them over with offers they “cannot refuse”.
Confidential
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AUSTRALIA’S magazine wars are alive and well.
Confidential’s spies inside the country’s top two glossy magazine publishers, Bauer Media and Pacific Magazines, have revealed an internal feud.
Following restructure plans at Bauer, it is understood bosses at Pac Mags have begun making offers to a number of staff currently working at their main competitor.
The mag world rumour mill has cranked up as the poaching went into overdrive in recent weeks.
A Confidential source said tensions between the bosses at the opposing publishers are reaching boiling point.
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“The bosses at Bauer are getting really annoyed with what is going on,” the insider said.
“A number of people who they thought were loyal to the company have jumped ship. Times are tough enough in mag land at the moment. This is just adding to the stress.”
TV Week editor Thomas Woodgate is said to be furious with the situation.
The magazine is one of the hardest hit by the poaching, with many senior staff members said to be taking new roles at Pac Mags.
“Some Bauer employees are being made offers which are too good to refuse,” an insider said.
“People are being offered two and three times their existing wage to move.”
Last month Confidential revealed that staff from several of the Bauer Media titles were called into closed-door meetings where a new model for entertainment reporting was announced.
Staff were told that serious changes were ahead at the company, with a centralised reporting model for multiple publications.