Rachael Ray Leaves Readers Digest for Meredith Corp.

Posted on October 13, 2011

The New York Post reports that Rachael Ray is leaving Reader's Digest for Meredith Corp. She will move her Every Day With Rachel Ray magazine to the new publisher.

The Post says Tom Williams, the former CEO of Reader's Digest, blamed Every Day With Rachel Ray for some of the company's financial problems. The Post says this made Rachael Ray very angry. Newsstand sales for the magazine fell 16.9% in the first of the year, which is not good, but a lot of magazines are struggling in the recession and the continued move away from print.

Rachael Ray said in a statement, "Everything to me is about family and I am so excited that Every Day with Rachael Ray will now be joining the Meredith family. We are very proud to have established a loyal following by creating a new perspective in the food space with our magazine."

Meredith National Media Group President Tom Harty said, "The acquisition of Every Day with Rachael Ray will further extend our leadership and deepen our reach in providing women with best-in-class food content, while offer advertisers multiple avenues to reach them."