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PUBLICATION OF NEWYORK WOMAN MAGAZINE SUSPENDED TODAY

 PUBLICATION OF NEWYORK WOMAN MAGAZINE SUSPENDED TODAY
 NEW YORK, Jan. 10 /PRNewswire/ -- NewYork Woman magazine suspended


operations today, it was announced by Thomas O. Ryder, president, American Express Publishing Corporation. Its December/January issue, which went on sale last November, will be the last published by the five-year-old publication.
 NewYork Woman employed a full-time staff of 18. Efforts are currently under way to find for as many staff members as possible positions within publishing and other business units of American Express.
 Betsy Carter, NewYork Woman's founding editor-in-chief, said, "Although I feel very sad, it has been an exciting experience over the past five years to put out a magazine that broke from the traditional mode of publishing to women. Our readers let us know that NewYork Woman connected with them in a truly special way. I will miss them and NewYork Woman's extraordinary staff and contributors, too."
 Ryder announced last November his intention to sell the magazine. On efforts to find a buyer, he said, "We have spent the last two months talking with some of the finest companies in the publishing industry. The magazine's high quality drew a great deal of interest. But in the end, the state of the economy was too big an obstacle to overcome."
 Ryder added, "The recession has been particularly deep in New York and the Northeast. It has caused both national and local advertisers to sharply curtail spending. The progress NewYork Woman had made by 1989, when ad pages neared 700, was reversed by the economy. With no buyer in sight, I decided to cease publication of NewYork Woman because I could not foresee improvement anytime soon."
 Finally, Ryder said, "The decision to fold NewYork Woman saddens me deeply. NewYork Woman was a remarkable enterprise of a remarkable team of professionals."
 NewYork Woman, which grew to a circulation of 110,000, was launched in 1986. In December that year, it was acquired by American Express Publishing Corporation.
 American Express Publishing Corporation, a wholly owned subsidiary of American Express Travel Related Services Co., Inc., publishes Travel & Leisure, Food & Wine, Departures, L.A. Style, D, Atlanta, Your Company and Connections magazines.
 -0- 1/10/92
 /CONTACT: Ron B. Prince of American Express Publishing, 212-382-5630/ CO: American Express Publishing Corp. ST: New York IN: PUB SU:


CK-KW -- NY044 -- 8662 01/10/92 13:27 EST
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Date:Jan 10, 1992
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