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Posts Tagged ‘Hachette Filipacchi Media’

Hearst To Fire As Much As 45 Percent of Hachette Filipacchi Media Workforce After Acquisition

When news came Monday that Hearst was set to buy the magazines published outside of France by Lagardère, it was estimated that layoffs at Lagardère’s U.S. division Hachette Filipacchi would be as high as 30 percent.

The New York Post now reports that the headcount at Hachette Filipacchi Media, whose flagship magazine is Elle, is down to to 633, according to a spokeswoman. Hearst is said to be expecting to retain only about 350 HFM employees, once its agreement with Lagardère is finalized (supposedly before July 1). That would mean a downsizing of about 45 percent of the current HFM workforce.

At this point, the Post reports that advertising, marketing, and editorial are not expected to sustain major losses, and much of the firings will be from the back-office operations.

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Elle Decor Lands New (Old) Executive Editor

elle_decor_magazine.jpgElle Decor‘s getting a makeover. Michael Boodro, who stepped down as editor-in-chief of Martha Stewart Living in January, will join the Hachette Filipacchi Media publication as its executive editor — a position he held in 2005. He’ll be responsible for overseeing all of the book’s editorial content.

Boodro replaces Mitchell Owens who will become editor-at-large.

“I am thrilled to welcome Michael back to Elle Decor,” Margaret Russell, editor-in-chief said in a statement. “He is an amazing talent and a trusted expert in the shelter category. His sophisticated editorial tone and extraordinary experience will be a terrific asset to the magazine.”

The full release is after the jump.

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