Saturday, November 1, 2008

Meredith Corp. Isn't Doing So Hot, Either

More bad news





Welp, today is just not a good day: Meredith Corporation, which publishes More magazine, is seeing a 44% drop in profits, mostly due to really crappy ad revenue. While they are not planning any layoffs currently (no no, they'll be probably just "transition" some staff), at this point it's just a waiting game to see how long they can hold out before they have to fold the title.

Which does not bode well, because More fit under that category of 40+ year old women consumers that generally have done better during this free-fall than say, Men's Vogue.

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