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More Is 2016’s First Print Magazine Casualty

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Meredith is folding More magazine, WWD reports. The magazine's senior leadership team reportedly found out that Meredith was pulling the plug on More this morning.

The statement from Meredith is that the company is "deciding rather to invest and align its resources against more profitable activities."

According to FishbowlNY, Meredith will try to find new jobs for EIC Leslie Jane Seymour and More's 30 staffers but it's likely that they will be let go.

The women's lifestyle magazine has been around since 1997, offering a mix of beauty, fashion, money, career, health, and relationship content. Recent cover stars include Diane Lane, Katie Holmes, Rachel Weiz, Jennifer Connelly, and Liv Tyler.

This is the first big magazine closure of 2016. 2015 shutters include Fitness (another Meredith title), Details, and Lucky. The magazine industry has also been roiled by major layoffs of print and digital editors.