“Sentimentality is probably the biggest enemy for the magazine business,” David Carey, the president of Hearst Magazines, said in an interview. Magazines, Mr. Harty said, often circulate upcoming budget numbers in September. Mr. Carter, 68, said he would have left earlier this year if not for the election of President Trump, whom he enjoys covering. Still, Meredith reported a slight drop in revenue for its magazine business in its most recent fiscal year, which ended in June. Mr. Carter was reluctant to make additional cuts that may be forced upon his magazine in the future, the people said.

Source: New York Times September 23, 2017 14:37 UTC