Brea-based PennySaver USA will stop delivering local editions of its weekly PennySaver publications to the South Bay and the East Bay areas of Northern California, effective April 15.
The change will cut PennySaver’s weekly print volume 22% to 7 million copies. The company plans to invest “in the quality of the PennySaver book and the content it offers.” It didn’t provide specifics on pending changes to the print edition but said “investments in the company’s digital media properties will also occur.”
PennySaver USA had about 800 employees and nearly $200 million in revenue last year. It was acquired by Los Angeles-based investor OpenGate Capital LLC for $22.5 million in 2013.