Meredith Corporation laid off 180 workers this week, but its Des Moines offices avoided most of the cuts.
The layoffs included 130 employees from its local media group, which owns 17 TV stations. The rest of the cuts came from its national media group, which publishes magazines such as People and Better Homes & Gardens.
The Des Moines-based media company has suffered in the midst of the broader economic recession because of the COVID-19 pandemic. Driven by a 17% drop in ad revenue compared with 2019, Meredith reported a $234 million loss in fiscal year 2020, which ended June 30. This spring, the company decreased employee salaries, a move that Meredith reversed at the beginning of this month.