Real Girls Media Network

Women's magazine publisher Meredith (NYSE: MDP) is cutting 250 jobs which will result in a $16 million charge—about $9 million after-tax or $0.20 per share—in Q1. It will also shutter Country Home magazine after it publishes its March issue and relocate its ReadyMade brand and Parents.com properties to Des Moines, where Meredith is based. The moves were driven, naturally, by the deepening recession.

At a time when many media companies are retrenching, women's magazine publisher Meredith (NYSE: MDP) Corp has pulled out its checkbook and taken a minority stake in Real Girls Media Network. The publisher of Better Homes and Gardens and Fitness wants to use the San Francisco-based women's content and social net aggregator to buttress its 31 websites.