Meredith Corp. Lowers Circulation Guarantees on Two Titles

For Ladies’ Home Journal Meredith is lowering its rate base — the number of issues it guarantees to advertisers that it can sell — to 3.2 million from 3.8 million, a 16% drop. For Traditional Home, the company is cutting its circulation forecasts to 850,000 from 950,000, down 11%.

Says AdAge:

For decades publishers chased huge circulations — offering subscribers dirt cheap prices and paying heavy costs for direct marketing, paper, printing and distribution costs — because advertising more than paid the bills.