Country Home is a USA magazine covering Home Improvement. Country Home magazine ceased publication following the release of the March 2009 issue. The magazine featured country decoration, renovating, antiques, foods, gardens and more. It had a circulation of about 1.3 million. This magazine is owned by Meredith Corporation.
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Eric Kallgren Boulder, Colorado USA | Posted at 3:50pm on Thursday, January 8th, 2009 | On January 8, 2009, Meredith Corporation said the company is killing Country Home magazine and losing money:
Meredith Corporation said today that it will record a special charge of approximately $16 million (approximately $9 million after-tax or $0.20 per share) in its fiscal 2009 second quarter. The charge includes the cost of a companywide workforce reduction of approximately 250 employees; the closing of Country Home magazine, effective with the March 2009 issue; and relocating the creative functions of the ReadyMade brand and Parents.com to Des Moines.
"The recessionary economy has impacted both Publishing and Broadcasting advertising, which accounts for approximately 60 percent of our revenue stream," said Meredith President and Chief Executive Officer Stephen M. Lacy. "Trends indicate a continuing soft economy into calendar 2009 as well."
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