Barry Diller’s media group is stopping print circulation of six of the magazines it acquired when it bought Meredith Corp. last year, part of an effort to turn these publications into digital-only brands. The company will stop publishing print editions for Entertainment Weekly, InStyle, EatingWell, Health, Parents and People en Español, Dotdash Meredith CEO Neil Vogel said Wednesday in a memo to staff.
AC Dotdash is acquiring Meredith Corp. in an all-cash deal valued at $2.7 billion, the companies announced Wednesday. Dotdash is the publishing division of Barry Diller’s IAC holding company. Meredith’s wide-ranging portfolio includes publications like People, InStyle and Real Simple. The combined company will be called Dotdash Meredith.
Exclusives
Three were fired, and two others left in limbo, in a purge that targeted employees involved in coverage of Newsweek Media Group’s financial and legal troubles.
Newhouse, the long-time publisher of Conde Nast, owned The New Yorker, Vogue, Vanity Fair and other magazines associated with the golden age of publishing.
Conde Nast and Complex are just two in a growing list of publishing companies that are betting online video can help their businesses thrive in a struggling media climate.
