Photos by Retiring Guy
taken at Middleton Public Library
New York Times, 2/9/2022
The tmove, which affects Entertainment Weekly, InStyle, EatingWell, Health, Parents and People en Español, will lead to 200 job cuts, according to a memo sent to employees on Wednesday. The cuts amount to less than 5 percent of the company’s total work force.
The magazines were acquired last year by Dotdash, a subsidiary of Mr. Diller’s InterActiveCorp, when it bought the publishing giant Meredith for roughly $2.7 billion.
"We have said from the beginning, buying Meredith was about buying brands, not magazines or websites,” Neil Vogel, the chief executive of Dotdash Meredith, wrote in the memo, which was obtained by The New York Times. “It is not news to anyone that there has been a pronounced shift in readership and advertising from print to digital, and as a result, for a few important brands, print is no longer serving the brand’s core purpose.”
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