Meredith Warns PRC of Massive Magazine Cutbacks if Postal Rates Rise

A plan to jack up postal rates over the next five years would force the nation’s largest magazine publisher to slash its print offerings, according to the company’s CEO.

Meredith Corp. would “pursue magazine closures, circulation cuts, issue frequency reductions, conversions to digital only formats and alternative delivery for some magazine subscription copies,” Tom Harty, the company’s president and CEO, wrote in comments filed Wednesday with the Postal Regulatory Commission.