Arianna Huffington said she plans to step down as editor-in-chief of The Huffington Post, the politics and news site she founded in 2005, turning her attention to a health and wellness venture. Ms. Huffington, 66, announced her departure in a memo to staff of the publication, which was acquired by AOL for $315 million in 2011 and is now part of Verizon Communications Inc.'s media business. She said she had intended to keep running The Huffington Post but decided to turn her attention to her startup, Thrive Global, after attracting investors and hiring staff.
Meredith announced that it will close Family Circle magazine, effective with the December 2019 issue. Meredith currently operates the market leaders in the women’s lifestyle category, including Better Homes & Gardens, Magnolia Journal, Real Simple, Martha Stewart Living and Southern Living.
“When we acquired the Time Inc. portfolio of media brands in January 2018, we doubled our presence in the women’s lifestyle category,” Olson said. “Our portfolio philosophy continues to emphasize investing in brands that are market leaders and/or possess the highest growth potential. Sometimes, that means making hard decisions. Fortunately, we have been able to find new roles for some of the Family Circle team, and I would like to thank the entire group for its hard work and wish those employees affected the best in future endeavors.”
Founded in 1932, Meredith acquired Family Circle in 2005 as part of its purchase of Gruner + Jahr USA. It is currently published 12 times a year with a ratebase of 4 million. Subscribers of Family Circle will be served another Meredith title until their subscription is fulfilled.