See, the news isn't all bad today. Meredith Corporation promoted one person in its corporate department and hired another.

Elise Contarsy drops the "retail" from her VP of retail brand licensing title. She'll now be in charge of all of the company's licensing deals. Contarsy helped Better Homes and Gardens launch its home collection in Walmart.

Additionally, David Johnson will join the Meredith team as VP, Corporate Development.