Meredith Makes Cuts to SIPs, Staff
Feeling the continued effects of the recession, Meredith Corp. plans to slash the number of special-interest publications, or SIPs, that it puts out, laying off about 45 positions in the process.
Meredith’s SIPs are primarily newsstand publications that focus on home-related topics like remodeling, entertaining and gardening.
The company said it would put out about 90 SIPs in its 2011 fiscal year, focused around its flagship Better Homes and Gardens brand. That represents a reduction of 40 percent from about 150 SIPs in the prior fiscal.
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