Meredith Cuts 120 Staffers, Positions
By Michael Malone -- Broadcasting & Cable, 6/6/2008 4:09:00 PM
Meredith Corp. has laid off 60 staffers and eliminated another 60 jobs, including around 20 from its 1,400-person broadcasting division. The rest of the casualties came from publishing.
Meredith also acquired Detroit-based healthcare marketing company Big Communications yesterday, bringing the total Meredith workforce to 3,600 people.
“It’s been a tough year on the broadcast front for everybody,” said a Meredith spokesperson, who added that they did not expect more layoffs in the near term. The broadcast layoffs were described as across the board, in terms of positions and locations. In an April B&C story, Meredith Broadcasting Group president Paul Karpowicz mentioned the increasingly challenging economic climate for broadcasting.
“All public companies are under tremendous strain to meet the expectations of their board and their shareholders in tough times,” he said. “What CBS went through [in terms of layoffs] is what a lot of broadcasters will look at this year.”
-
Interesting that Meredith bought Big Communications.
When my friend was medical reporter at the Meredith station in Nashville,she was told by her new supervisors that "no one cares about health." As a result they no longer do medical stories. Maybe Meredith Corp should take a second look at their choices for leadership in Nashville.
Linda Harris - 6/9/2008 2:32:00 PM EDT
Munson to Head KPHO
06/30/2008Meredith Won't Pull Plug On Analog
02/06/2009More Layoffs to Follow?
04/04/2008Clarke to Head Meredith Video Solutions
11/12/2007
Featured Company
-
Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups throug..more
VIEW ALL GALLERIES
