Neil Vogel: Last News

After more than three decades in print, Entertainment Weekly will stop producing a physical copy of its magazine, shifting fully online.

Jordan Moreau Dotdash Meredith is ending the monthly print publications for Entertainment Weekly, InStyle, EatingWell, Health, Parents and People en Español, Dotdash Meredith CEO Neil Vogel said in a Wednesday memo to staff, obtained by Variety.The publications will go digital-only effective today, and the transition is expected to terminate roughly 200 positions on the print side, Vogel said. The April editions of the print magazines will be the brands’ last, and the 200 eliminated jobs represent less than 5% of Dotdash Meredith’s total staff, according to Wall Street Journal, which broke the news.“This is an important step in the evolution of Dotdash Meredith, and I want to be clear with everyone about what we are doing and what is ahead,” Vogel’s memo says.

Todd Spangler NY Digital EditorMeredith, the media company home to publications like People, EW, Better Homes & Gardens and InStyle, will become part of Dotdash, the digital publishing division of Barry Diller’s IAC holding company. The proposed terms give the deal an enterprise value of about $2.7 billion.Under the deal, Dotdash will acquire Meredit in an all-cash transaction at a purchase price of $42.18 per share.