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Cristiano Ronaldo in Armani Ad... New Hire at People... Cuts at Meredith...

Real Madrid soccer player Cristiano Ronaldo strips down in Armani's men’s ads.

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CUTS AT MEREDITH: Meredith Corp. on Thursday disclosed plans to lay off 45 people in its special interest media group, and most positions affected are at the company’s headquarters in Des Moines. A spokesman noted the downturn in the housing marketplace has negatively impacted the special interest sector, typically a cyclical business. Magazines in this group provide information on subjects such as health, home building, remodeling and decorating. The company will record a special charge of $5.5 million for the second quarter, related to severance and other costs.

— A.W.

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