Meredith Buys Big, Cuts 60

Meredith Corp. announced the acquisition of a health-care marketing firm while reporting that it would cut 60 jobs following weakening results in its publishing operations.
 
Meredith bought Big Communications, which it hopes will give it a bigger share of pharmaceuticals industry marketing dollars. The acquisition, whose terms were not disclosed, is the latest in a string of B2B marketing firm purchases Meredith has made over the past two years, starting with interactive firm O