Family Circle, the monthly home magazine for women that launched in 1932, will shut down after its December issue publishes
Parent company Meredith acquired Family Circle from publisher Gruner + Jahr USA in 2005. The magazine has 13 million readers and more than 1 million followers on social media, according to Meredith's site. The company said the magazine has a circulation of 4 million. Meredith spokesperson Art Slusark told CNN Business that about 70 employees out of Meredith's 6,000 employees were laid off on Wednesday, including about 25 staffers from Family Circle.
, including Time, Fortune and Sports Illustrated, but has kept women-focused brands like Real Simple, Martha Stewart Living and Southern Living. Earlier this week, Meredith announced it will launch a new lifestyle magazine with the identical twin TV hosts Drew and Jonathan Scott of HGTV series"Property Brothers" in January 2020.Read MoreSports Illustrated announces layoffs amid company restructuringMeredith now claims to reach about 90% of U.S. millennial women.
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