By Paul Pannone
eWedNewz watches the anticipated scale back since reporting the troubles at Martha Stewart in the opening days of 2012. The company shed jobs in 2011 along with non-performing transactions including its stake in Wedding Wire, jumping out just in time.
This go-around eWedNewz has learned Martha Stewart Living Omnimedia is scaling back its print operation. The pinstripe princess of print’s company announced they were scaling back two of its four magazines resulting in over 60 employees losing their jobs.
Martha took up painting as a hobby during her guest stay, courtesy of the state. The troubles continue since her release, as print plummets because of digital.
According to sources near the story added layoffs are considered by the company currently employing almost 600 people. Analysts cite the company’s positioning that is dependent on only two titles: Martha Stewart Living and Martha Stewart Weddings.
eWedNewz continues to watch Martha Stewart’s move away from print and towards digital, along with other print publications.
Over 40% of a current poll feels print will continue to decline, what do you say?
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