Martha Stewart Kills Off ‘Everyday Food’
The domestic diva’s omnimedia is making some major cuts this year
Looks like Martha Stewart’s media empire is still suffering just a bit; Martha Stewart Living Omnimedia (MSLO) announced this week that they will stop printing Everyday Food on the regular, instead incorporating it occasionally into the flagship Martha Stewart Living magazine.
The brand, however, will also live online, as the company focuses on a YouTube channel and a daily video newsletter.
Furthermore, the company is hoping to sell Whole Living, and if Whole Living can’t sell, it’ll suffer the same fate as Everyday Food.
The New York Post reports that 12 percent of MSLO staff has been laid off as a result of these cuts, which could save the conglomerate some $33 to $35 million a year. Even worse: an unnamed source says the staff has been out of the office all week because of power outages post-Sandy.
"They sent a memo saying, ‘Thinking of you all [during] this demanding and difficult week,’ and then they’ll contact employees individually about the layoffs," the source told the Post. "Now the staff is all just sitting at home freaking out, wondering, ‘Are they going to contact me?’"
Be a Part of the Conversation
Have something to say?
Add a comment (or see what others think).