×
89 173
Fashion Jobs
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODBURY
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Soho
Permanent · NEW YORK
BLOOMINGDALE'S
Registry Consultant, Full Time - Boca Raton
Permanent · BOCA RATON
H&M
842 Area Visual Manager
Permanent · LOS ANGELES
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Short Hills
Permanent · MILLBURN
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · COSTA MESA
COLUMBIA SPORTSWEAR COMPANY
Regional Loss Prevention Manager (Northwest-us)
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
Operations Manager - Swing Shift
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chestnut Hill
Permanent · NEWTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chevy Chase
Permanent · CHEVY CHASE
BLOOMINGDALE'S
Asset Protection Detective, Full Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Huntington
Permanent · HUNTINGTON STATION
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Dolphin Mall
Permanent · MIAMI
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Jersey Gardens
Permanent · ELIZABETH
BLOOMINGDALE'S
Wedding & Gift Registry Consultant, Full Time, Norwalk
Permanent · NORWALK
BLOOMINGDALE'S
Manager, Sales - Women's Ready to Wear/Shoes: Norwalk
Permanent · NORWALK
BLOOMINGDALE'S
Manager, Sales - Mens Shoes
Permanent · NEW YORK
BLOOMINGDALE'S
Senior Art Director, Photo
Permanent · NEW YORK
By
Reuters
Published
Mar 22, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Meredith to cut about 1,200 jobs, sell some Time publications

By
Reuters
Published
Mar 22, 2018

U.S. media company Meredith Corp said on Wednesday it cut about 200 jobs and would lay off another 1,000 as it streamlines its operations following the completion of its Time Inc acquisition.


Time magazine - Reuters


Meredith also said it had decided to explore a sale of Time, Sports Illustrated, Fortune and Money magazines after a review.

The move to sell the brands illustrates how Meredith sees some of Time’s titles that attract primarily a male readership as not playing to its core strength in women’s magazines.

Meredith, which owns lifestyle magazines such as Better Homes & Gardens and Family Circle, agreed to buy Time Inc in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

Reuters reported last week about the company’s plan to sell the Time Inc brands.
“There are guys who would like to own these marquee brands and are probably gonna pay more than what Meredith paid to acquire them,” said Daniel Kurnos, an analyst with Benchmark Co.

The company last month said it would sell Time Inc’s UK arm to private equity firm Epiris Fund II.

The media company said the job cuts were part of a plan to achieve annual savings in the $400 million to $500 million range from the Time Inc acquisition, which closed in January.
The company has notified about 200 employees, while the around 1,000 more positions will be eliminated over the next 10 months.

Meredith needs to be more aggressive to reach its cost-cut targets and will likely have to lay off a lot more, said Craig Huber, an analyst with Huber Research Partners.

With its roots in traditional publishing, Meredith has been facing a fierce competitive online race against internet giants such as Alphabet Inc’s Google and Facebook Inc for consumer eyeballs and advertising dollars.

© Thomson Reuters 2022 All rights reserved.