Meredith Shutters Another Home Magazine
'ReadyMade' closes; company lays off 75
The magazine industry has started to creep back post-recession, but the improvement hasn’t taken hold evenly. Today, Meredith Corp. shut ReadyMade, a small shelter magazine for do-it-yourselfers, and laid off its staff of about 10, plus about roughly 65 others, mostly in its magazine division. All told, the layoffs represent about 2 percent of the corporation.
Meredith bought ReadyMade, then a San Francisco-based independent, in 2006 to deepen its reach with younger consumers, and more than tripled its circulation to over 300,000 today.
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