Cedar Rapids, Iowa News, Sports, and Weather
Meredith Corp. Cuts 60 Jobs Including NY and Iowa
DES MOINES, Iowa (AP) Women's magazine publisher Meredith Corp. has cut 60 jobs, half in New York City and seven in Des Moines. Company spokesman Art Slusark says the remaining layoffs occurred at other company locations.
The Des Moines-based publisher of Better Homes and Gardens, Parents and Fitness magazines says the cuts come as it integrates several companies acquired in recent months. They include Allrecipes.com, EveryDay with Rachael Ray and FamilyFun brands.
Slusark says the layoffs represent less than 2 percent of the company's 3,400 workers.
Meredith added about 300 jobs with the acquisitions and to help it focus on mobile applications, social media, video and other online products.
Meredith recorded a special charge of $7 million in its second quarter to realign the businesses.
The company releases second quarter results on Jan. 24.