Company magazine, the monthly Hearst UK glossy aimed at younger women, will cease print publication after 36 years in September and go online-only.

Hearst announced on Wednesday that after Company's final issue, October 2014, goes on sale on 5 September, it will focus its efforts on targeting 16-24 year old women via the title's website, Company.co.uk.

The publisher said it was too soon to say if the print closure will lead to job cuts and it would attempt to find roles for any individuals affected by the change.

Last August, when the media praised celebrity doctor Mehmet Oz for helping to save a British tourist who'd been hit by a cab, Hearst Magazines' multi-million dollar bet on a Dr. Oz magazine seemed like money in the bank.

All of that hero talk seemed to be forgotten this week, however, as a Senate subcommittee pilloried Mr. Oz for hyping dubious miracle cures on his TV show.

"I don't get why you say this stuff because you know it's not true," Sen. Claire McCaskill, a Democrat from Missouri, told Mr. Oz during a hearing on consumer protection Tuesday.

Hearst Corporation, whose holdings include Cosmopolitan magazine and a stake in ESPN, is continuing its push into healthcare and creating a division called Hearst Health.

The unit consists of five healthcare-information companies, as well as an innovation lab and venture fund with a commitment to invest $75 million in startups in the space and a second round of $75 million planned for the future, according to the company.

Hearst already owns or holds a majority stake in the division's companies, but their lack of a unified brand until now had created challenges

Hearst has poached Forbes.com President Mike Smith to head up revenue and operations for its digital media division, The Post has learned.

The pressure is on Hearst Magazines to wring more revenue from the digital side this year.

Last year, the privately held Hearst had full-year digital ad revenue of just $58.86 million, down from $60.2 million in 2011, according to numbers obtained by The Post.

This year the magazine budgeted for digital ad revenue of just under $70 million, or a 19 percent increase.

After nearly 30 years of running the Hearst Corporation, the privately held media company, has announced that he is stepping down. Mr. Bennack, the 80-year-old chief executive of Hearst, used profits from titles like Cosmopolitan and Good Housekeeping to...

Hearst Ventures, a unit of Hearst Corporation, and Science Inc. today announced a minority equity investment by Hearst in Science Inc., a technology operating company specializing in the creation and rapid scaling of digital businesses.

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