As 200 Staffers Lose Jobs At Dotdash Meredith, INSTYLE Print Edition Axed (AS WELL AS FIVE OTHER MAGAZINES)
Entertainment Weekly, InStyle, EatingWell, Health, Parents, and People en Español—are to become digital-only as they “no longer serve [Dotdash Meredith’s] Core Purpose
According to the New York Times, the job losses account for 5% of the company’s current work force. In the memo circulated by CEO Neil Vogel (obtained by the NYT), the executive wrote: “We have said from the beginning, buying Meredith was about buying brands, not magazines or websites. 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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