Bonnier to Shutter Five Magazines, Lay Off 70 Employees

Recode: Bonnier has laid off 70 people from its U.S. group. That represents about 17 percent of the company’s American workforce. The publisher is also shuttering five magazines: WaterSki, Wakeboarding, Sport Diver, Baggers and Dirt Rider. New York Times: Saveur’s editor in chief is among employees being let go.