IAC will cease printing Entertainment Weekly, InStyle and four other Meredith magazines
Barry Diller’s IAC/Interactive Corp is ending the print editions of Entertainment Weekly, InStyle and four other titles acquired from Meredith Corporation last year, turning them into digital-only properties.
The move, first reported by the Wall Street Journal, reflects the declining circulation and revenue for print media as audiences continue to turn to digital devices for their content. The consumer shift to digital accelerated during the COVID-19 pandemic.for $1.8 billion in October. The deal closed in December.
“Naysayers will interpret this as another nail in print’s coffin,” Vogel wrote. “They couldn’t be more wrong — print remains core to Dotdash Meredith.”Younger viewers aren’t watching TV, but ad-makers are finding a way to reach them through the big game.
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