December’s issue will be the last for Family Circle, CNN
and others reported.
The
magazine targeted at women goes back to the early 1930s.
Meredith
spokesperson Art Slusark told CNN Business that about 70 staff members out of
6,000 working at the company were laid off last week. That number included some
25 employees from Family Circle.
Some
management at Family Circle will be moved to different positions at other
Meredith-owned entities.
Des
Moines-based Meredith bought Family Circle from Gruner + Jahr USA
In 2018,
Meredith bought Time Inc. and subsequently sold off Time, Fortune and Sports
Illustrated. The company has held onto women-focused brands like Real Simple,
Martha Stewart Living and Southern Living, CNN Business points out. Meredith
recently said it will launch a publication with TV hosts Drew and Jonathan
Scott of HGTV series "Property Brothers" early next year.
News and Tech
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