"Diane has been with American Media since 2003 and has done an outstanding job," American Media said in a statement. "She has enjoyed great success with her magazines by increasing advertising revenues as well as building a wonderful team."
The publishers who reported to Ms. Newman at Shape, Fit Pregnancy, Country Weekly and Natural Health will now report directly to American Media President-COO John J. Miller.
American Media is engaged in a long struggle to get back on track toward the eventual public offering envisioned by Chairman-CEO David J. Pecker and his equity backers. Two weeks ago Mr. Pecker had to reassure the staff of Star, which struggled on the newsstand late last year, that he was not moving the title to Florida from New York to cut costs. Most recently the company said in a filing to the Securities and Exchange Commission that it plans a significant cost-cutting program soon.
Bondholders and analysts are still waiting for a long-promised restatement for 18 months' worth of financial results, a restatement that has been delayed several times already.
A Meredith spokesman declined to comment; Ms. Newman did not respond to a message left seeking comment.
Before joining American Media, Ms. Newman was associate publisher of Redbook magazine since 2001. She had previously been publisher of Fitness and before that worked on titles including Family Circle, YM, Prevention and Woman's Day.