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Mark Jannot Out at Reader’s Digest

Mark Jannot has only been with Reader’s Digest North America since May, but he’s already been dropped by the company. According to The New York Post, Jannot has been let go and his role — chief content officer — has been eliminated.

Jannot had come to Reader’s Digest from Bonnier, where he had served as editorial director of Popular SciencePopular PhotographyAmerican Photo, and Sound & Vision.

The departure of Jannot likely won’t do much to help Reader’s Digest’s standing with Standard & Poor. S & P recently downgraded the company to “negative,” and said “In our opinion, there are significant uncertainties and limited visibility surrounding Reader’s Digest revenues and earnings prospects, given its declining businesses and ongoing restructuring requirements.”

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