By Jeffrey Goldfarb
LONDON, Dec 13 (Reuters) - UK magazine publisher Emap Plc (EMA.L: Quote, Profile , Research) on Wednesday announced the closure of the U.S. edition of FHM magazine because of the difficult advertising market.
FHM, which launched in the United States in 1999, had been guranteeing advertisers an average monthly circulation of about 1.25 million but the men's magazine lost money in the company's fiscal first half after revenue fell 20 percent.
FHM joins Elle Girl and Teen People on the scrap heap of youth-oriented U.S. magazines shut down this year by other publishers.
"Trading conditions in the U.S. market have deteriorated over the past 12 months and we do not expect an improvement in the near term," Emap said.
"In these circumstances we do not anticipate that the title would be able to trade on a profitable basis going forward," it added.
Largely devoted to photographs of scantily clad women and gadget reviews, FHM publishes about 30 editions around the world, including in Britain, France and Russia. The last published U.S. issue will be dated March 2007.
The FHM U.S. Web site, www.fhmus.com, will continue to operate, and other global editions of the print magazine are not affected by the decision, Emap said.
FHM began two decades ago as a men's fashion magazine called For Him. Emap relaunched it in Britain in 1994 under the FHM name.
Emap's international arm suffered in the six months to Sept. 30, swinging to a loss of 2 million pounds ($3.94 million) compared with 1 million of profit in the year-ago period. Revenue in the division was flat at 22 million pounds.
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