Immediate Media, the publisher of BikeRadar.com, has announced that it will close its U.S. offices for the online cycling portal.
The editorial office will close with three editors – Ben Delaney, Josh Patterson and Russell Eich – all based out of the Boulder area departing.
Sister site CyclingNews.com will remain unaffected by the closure.
A statement from the publisher blamed increased overheads and costs “exacerbated by negative exchange rates.”
Speaking to BR&IN Delaney said: “I’m grateful for the opportunity I had with BikeRadar and the broader Immediate team. I had fun and learned a lot, especially on the video front. For a guy who went to school for ‘print journalism,’ it was exciting to learn to work on YouTube. Times are hard and getting harder in the cycling media world, but I am eager for what’s next. Beats me what that is, though! I wish the BikeRadar crew all the best.”
Back in the UK, the office in Bristol is recruiting three staff members. Immediate says that it will continue to cover the U.S. cycling market with increased travel and freelance spend.
In January of 2017 Immediate Media itself was sold to Germany’s Hubert Burda Media for an undisclosed sum.