Martha Stewart Living is handing over its ad sales, circulation and production fulfillment to publishing company Meredith in a 10-year partnership. The deal will allow the magazine to concentrate on design and content, and keep control of the brand's equity, according to a report on CNBC.
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Under this agreement, Martha Steward Living Omnimedia expects to improve operating income by $10-$15 million annually.
CNBC was told that while the number of jobs that will be cut has not been disclosed, some employees will be offered jobs at Meredith.
Under this agreement, Martha Steward Living Omnimedia expects to improve operating income by $10-$15 million annually.
CNBC was told that while the number of jobs that will be cut has not been disclosed, some employees will be offered jobs at Meredith.