Michael Hollett, editor and publisher of NOW Magazine has announced his resignation.

Hollett co-founded NOW in 1981. He will now focus on running the North by Northeast (NXNE) music festival. He is the NXNE president and managing director. 

“NXNE took huge strides in 2016 and I am committed to building on this growth for 2017 and beyond with exciting ideas I look forward to sharing with all of you soon,” Hollett in a statement. “Working with my Austin-based partners at Southby, I am convinced we will be able to achieve a SXSW-like impact for Northby in Toronto. Toronto is one of the greatest live music centres in the world and it will continue to be my pleasure to showcase that.”

Hollett co-founded NXNE with SXSW local partners in 1994. He believes the publication remains in good hands.

“I am confident that Alice Klein and her amazing NOW Magazine team will continue to push boundaries and tell important stories for years to come and I will enthusiastically support this effort in any way I can.”

Read Hollett’s complete statement on the NOW website.