Dotdash Meredith, the parent company of People and Entertainment Weekly, has cut 53 print jobs amid tough advertising market. Dotdash Meredith, parent company of People and Entertainment Weekly, cuts 53 print jobs amid tough advertising market.

Dotdash Meredith, the parent company of magazines like People and Entertainment Weekly, will lay off 53 employees, or 1.5% of its workforce, mainly affecting print staff. Dotdash Meredith, the parent company of magazines like People and Entertainment Weekly, will lay off 53 employees, or 1.5% of its workforce, mainly affecting print staff. کمپنی کے چیف ایگزیکٹو آفیسر نیل وولف نے کمپنی کے ڈیجیٹل آمدنی میں 16 فیصد اضافے کے باوجود تیسری سہ ماہی میں $246 ملین تک پہنچنے کی وجہ کے طور پر پرنٹ اشتہاری ماحول کی نشاندہی کی۔ CEO Neil Vogel cited the challenging print advertising environment as the reason, despite the company's digital revenue increasing by 16% to $246 million in the third quarter. کمپنی نے پرنٹ اثاثوں میں سرمایہ کاری جاری رکھنے کا فیصلہ کیا ہے۔ The company plans to continue investing in print assets.