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Martha Stewart Basically Kills Two Magazines, Lays Off 70 People

It's a good thing?

It's a good thing?Photo: Rob Tannenbaum/The Martha Stewart Show

How's this for timing? Executives at Martha Stewart Living Omnimedia — the company that puts out all things Martha — announced this week that they'd lay off 70 people from its 600-person staff. Additionally, they'll kill the recipe-focused Everyday Food as a stand-alone magazine and instead wrap it into Martha Stewart Living. The company will also try to sell another of its magazines, health-heavy Whole Living, to someone else. The moves are expected to save the struggling company between $33 and $35 million per year. [Adweek, Daily Intel]

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