Posted on 01/13/2007 7:17:19 PM PST by freedomdefender
Time Inc. next week is expected to say goodbye to up to 20 staffers at each of its titles across editorial, production and business functions, sources said. Though the number of jobs to be eliminated is not yet final, one insider commented, "No one there is safe." As if losing one's job isn't hard enough, sources also said the once-cushy severance packages are expected to be less generous than in previous years.
Time, Fortune, Real Simple, Life and Money were among the titles hit during last winter's round of job cuts. Layoffs this month are expected across a wide swath of titles, from Sports Illustrated to even the golden child of the company, People.
People staffers for the most part dodged the bullet in the last two rounds of job cuts, but as consultant firm McKinsey & Co. has critiqued each magazine to find better operational efficiencies, sources said Time Inc. may finally do away with People's siloed system of editing, writing and reporting. "They're trying to unravel that," said one source close to the company. And when they do, "you end up with a bunch of attrition." Last month, People changed some of its editing processes so that some stories would be reported, written and fact-checked by the same person.
Entertainment Weekly, which also escaped relatively unscathed during last year's layoffs, is expected to lose staffers, as are Fortune and Time. McKinsey, incidentally, is expected to continue working with Time Inc. for an unspecified time period. A spokeswoman for Time Inc. declined comment Thursday.
That cold but very funny ROFL
RIP, TIME.
Love, Marty.....
Have you checked out their new online version? In it they feature Andrew Sullivan: he of the 'johnnyonenote' daily dish and only one realclearpolitics non-liberal. What else can we expect from the media arm of the appeasementatallcosts party?
That is a real quote from Marty.
(I edited it some.)
Guess the Economy is a Bad as they say it is....for them!
Pray for W and Our Troops
Good catch !
from editor Martin Baron
The amusing thing about the National Geograpic decline...is that so many people grew up with it and would readily return to it today...IF they simply went with the original concept of telling a geographic story with neutral respect. A quarter of all the stories are now non-geographic and don't have any place being in the magazine...other than being environmental or anti-global business (amusingly tied together). During any election period, over the past ten years, they've gone heavy against the Republican party and attempted to stir up serious negative feelings. I gave up on them two years ago...and other than seeing the magazine at my dentist or doctor's office...I never read it.
Do you know if Joe Klein is on the hit list?
Time: Is God Dead?
God: Is Time Dead?
Time turned into one of the most leftist rags, and now wonders why people like me won't touch it.
http://www.freerepublic.com/focus/f-news/1767212/posts
I agree. I subscribed to National Geographic for my wife for at least 15 years. I noticed the slant at least 10 years ago. It got worse and worse till I gave up on it 5 years ago. Kept the subscription for my wife. She let me know last year not to renew as she had reached her breaking point. She is far less political than I. That they managed to run her off speaks volumes.
If you examine the fact that its a not-for-profit organization...then the number of subscribers really don't matter. They've been able to develop their TV operations and their on-line store to help make up for magazine losses. They certainly won't admit that they've lost 10-20 percent of their magazine sales...but it doesn't matter. Corporation advertsing on the tv network carry the entire organization.
Friday Time Waits for Chic Designer and McKinsey Cuts
Big-Shot Consultants Ready Dual Bombshells, Due Within Few Weeks; ‘It’s Clean, It’s Elegant’; But Building Is Shaky With Layoffs in Wings
...
McKinsey has a reputation in the publishing industry for providing consultant-certified cover for staff cuts. After multiple rounds of layoffs last year, Time Inc. C.E.O. Ann Moore announced in November that there would be more budget cuts coming in January. Though the individual magazines will be charged with eliminating a certain amount of spending, rather than a specific number of jobs, Time Inc. sources estimated that the result will be a loss of some 150 jobs this time around.
LOL, I knew if I could get my barber and the kids' orthodontist to cancel their subscriptions it would hit Time hard, right in the pocketbook!
"Is TIME dead?"
-- God
Love it, yup, I'll say it again and again, you reap what you sow.
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