Publisher Wang Jianmin and editor Guo Zhongxiao worked on New-Way Monthly and Multiple Face, which published gossipy news about mainland leaders.
The articles were published in Hong Kong, which has greater media freedoms, but copies were sent to the mainland.
They were arrested in 2014 in Shenzhen, and both men pleaded guilty in court.
Wang was jailed for five years and three months, while Guo was jailed for two years and three months and is expected to be released soon for time served.