Barry Diller’s media group is stopping print circulation of six of the magazines it acquired when it bought Meredith Corp. last year, part of an effort to turn these publications into digital-only brands.
The company will stop publishing print editions for Entertainment Weekly, InStyle, EatingWell, Health, Parents and People en Español, Dotdash Meredith CEO Neil Vogel said Wednesday in a memo to staff, which was reviewed by The Wall Street Journal.
He also said the moves would result in about 200 job losses—which represents less than 5% of Dotdash Meredith’s total staff, according to a spokeswoman. The company said the April issues of all six magazines would be their final print editions.
“We have said from the beginning, buying Meredith was about buying brands, not magazines or websites,” Mr. Vogel said in his note. “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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