The encyclopedia · Strategy & Leadership · Strategic decision · 2016–2018
InStyle UK's digital pivot was working — the new owner killed it anyway
Print died December 2016 after 15 years; the website grew 48% on the pivot — then private equity bought the group and dropped the licence in May 2018.
InStyle UK · Time Inc UK · Epiris · 2018-05-21
What happened
InStyle UK had run for 15 years when Time Inc announced, on October 19, 2016, that December's issue would be the last in print. Circulation had fallen nearly 18% in the first half of the year, to 121,000. The promise was digital-first: 24-hour access, a doubled online audience, the brand's authority moved onto the web. Editor Charlotte Moore said the fashion world was 'changing dramatically' and they had to change with it.
The pivot, by its own metrics, worked. Relaunched in March 2017, the site grew 48% in six months to 950,000 unique users. Then the ownership carousel turned: Meredith bought Time Inc in January 2018 and flipped the UK business to private equity firm Epiris the next month. The new owner looked at the licence and decided it did not want it.
On May 21, 2018 the InStyle UK website shut and began redirecting to the US instyle.com; the last tweet had gone out ten days earlier, to 239,000 followers. A brand whose digital transition had just delivered its growth targets was erased by a portfolio decision made in February. InStyle's American edition lived on; the British one became a redirect.
Why it happened
- Print circulation fell 18% in six months; the magazine's ad base was moving to the same platforms the site was trying to monetise.
- The pivot's success was real but small — 950K uniques next to US rivals with millions could not justify the licence once a new owner re-priced the portfolio.
- Two ownership changes in four months meant the strategy's author was gone before the strategy matured; Epiris judged the asset, not the plan.
The lesson
A successful pivot only saves you if the owner who judges it stays — under new ownership, the growth you just delivered is re-priced against the licence you cost.
Aftermath
UK readers landed on the US site; Epiris's renamed group TI Media kept trimming titles — the same portfolio logic that would take Marie Claire UK's print a year and a half later.
Sources
- InStyle UK magazine to go digital-only — The Guardian (Oct 19, 2016)
- Time Inc UK shuts down InStyle UK website less than 18 months after closure of print magazine — Press Gazette (May 2018)
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