Suffering Magazine Publishers In Retrench Mode

We hear plenty about various magazine publisher’s awesome Web sites, Facebook applications, and flashy digital video. A reminder: The industry’s core business — print-and-ink products — continue to slide. Mediapost runs down the cuts at major consumer and business publishers over the past two weeks:

  • Meredith Corp. (MDP) cut 120 positions; 60 through layoffs and another 60 unfilled jobs will be eliminated.
  • Reed Business Information, pubisher of Variety, Broadcasting & Cable and Publishers Weekly cut 41 jobs including editorial and sales.
  • Penton Media, publisher of 113 trade magazines, laid off 42 employees.
  • McGraw Hill’s (MHP) BusinessWeek axed its regional magazine, BW Chicago, after eight issues.
  • Martha Stewart Living (MSO) CEO Susan Lyne walked after shares fell 57% over the past year.

See Also: Susan Lyne Out As CEO Of Martha Stewart Living
Magazines Leaking Ad Pages, Dollars
Facebook To Magazines: Want To Launch A Social Network? Forget It

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at