Cutting costs is at the root of the latest changes at Rogers Media. 

The Globe and Mail is reporting Duncan Hood will leave his role as editor-in-chief at Canadian Business and take over the reigns as editor-in-chief at MoneySense, in addition to becoming the director of personal finance for Rogers Publishing. 

Jonathan Chevreau will step down from his editor-in-chief position at Money Sense but will continue at the publication as editor-at-large. James Cowan will fill Hood’s former position at Canadian Business.

Three jobs at Canadian Business were also eliminated and the affected were: managing editor Conan Tobias, senior writer Matthew McClearn and online editor Trevor Melanson.

Steve Maich, senior vice president and general manager of publishing at Rogers revealed the following during an interview with The Globe,

“Frankly, it was primarily about cost savings,” Mr. Maich said of the job losses, noting in an interview that both magazines have “been performing quite well.”

But Mr. Maich also hopes the leadership changes will help the magazines take advantage of new opportunities with readers. The shift at Canadian Business won’t be radical, but after listening to subscribers and market research, the division is betting its “opportunity to win” is in speaking more directly to executives and entrepreneurs. “It’s a matter of what you choose to emphasize.”

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