November 1, 2012 / 8:53 PM / 7 years ago

Martha Stewart to cut jobs in publishing business

Nov 1 (Reuters) - Media and merchandising company Martha Stewart Living Omnimedia Inc said it will cut an undisclosed number of jobs in its publishing business and reduce about $33-35 million of its annual operating costs.

The company said it will also reduce $45-47 million of annual costs from its overall media businesses “on a go-forward basis”.

Martha Stewart will stop publishing its “Everyday Food” brand as a standalone monthly and will exit “Whole Living”. The company will move “Everyday Food” to a digital format from next year.

Content published on “Everyday Food” will be available online at, the Everyday Food YouTube channel and the company’s video newsletter, “Everyday Food with Sarah Carey,” it said.

“Everyday Food” will be included as a supplement five times a year in its flagship magazine, “Martha Stewart Living”.

The company said it was exploring a sale for “Whole Living” and if that does not materialize it will fold its content into the Martha Stewart Living magazine.

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