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	<title>Stock Blog Hub &#187; Grupo Simec S.A.B. de C.V.</title>
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		<title>(MDP) Meredith Corporation to Trim Headcount</title>
		<link>http://www.stockbloghub.com/2010/01/18/mdp-meredith-corporation-to-trim-headcount/25198</link>
		<comments>http://www.stockbloghub.com/2010/01/18/mdp-meredith-corporation-to-trim-headcount/25198#comments</comments>
		<pubDate>Tue, 19 Jan 2010 00:33:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Publishing - Periodicals]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Grupo Simec S.A.B. de C.V.]]></category>
		<category><![CDATA[MDP]]></category>
		<category><![CDATA[Meredith Corporation]]></category>
		<category><![CDATA[SIM]]></category>

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		<description><![CDATA[Meredith Corp. (MDP), a media and marketing company, recently declared that it will lower its headcount by about 45 employees to revamp its Special Interest Media (SIM) business, which concentrates on home improvement publications and do-it-yourself projects in the fields of decoration, remodeling, food and entertainment, and gardening and outdoor living. Meredith’s objective is to increase its focus on home and food publications, which are more in line with the Better Homes and Gardens brand. The company now plans to issue 90 SIM publications in fiscal year 2011, compared with about 150 planned for fiscal year 2010. This was due to falling advertising revenues as a result of a drop in readership during the economic downturn. The company will incur a special charge of approximately $5.5 million or $3.5 million after-tax ]]></description>
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