FishbowlNY received a tip earlier about this, and now it’s official: ReadyMade, the do-it-yourself magazine from Meredith, is folding. According to Ad Age, the magazine closure is part of cost-cutting measures at the publishing company. As with any magazine shuttering, the magazine will be missed, but the truly sad part is people losing their jobs. This move by Meredith reportedly resulted in 75 people losing employment.
Meredith CEO Steve Lacy issued the following statement:
Positioning Meredith for continued growth requires periodic realignment of resources, including how we deploy our workforce. These actions will enable us to devote additional resources to key strategic growth initiatives, including digital platform expansion.
To those who worked at ReadyMade: Good luck out there.