Magazine publisher Meredith will close the print version of Child magazine and maintain it as part of a new online portal it is developing. The company also plans to eliminate 60 employees, about half of which were employed by Child.
Child will become part of a parenthood portal, which will launch in July, and include Parents, American Baby and Family Circle content. The last print edition of Child will be the June/July issue.
AP: Des Moines-based Meredith, which publishes 25 subscription magazines including Better Homes and Gardens and owns televisions stations and Web sites, said it would record a one-time $3 million severance-related charge for the eliminated jobs. Release