Posted on 10/28/2008 3:47:57 PM PDT by abb
Time Inc., the world’s largest magazine company, is set to announce a revamping that will result in job cuts of 6 percent — more than 600 positions — and a reorganization that could radically alter the culture at the venerable publishing house.
The company plans to reveal the overhaul in a memorandum Tuesday evening from Ann S. Moore, Time Inc.’s chairman and chief executive, and the layoffs will begin in about two weeks.
No magazines are scheduled to close, but some are likely to be severely cut back. Ms. Moore was already planning an overhaul because of the upheavals in print media, but she was forced to speed up those efforts amid the financial crisis and looming recession.
Time Inc.’s 24 magazines in the United States and their Web sites will be organized into three divisions: news, which will include Fortune, Money, Time and Sports Illustrated; lifestyle titles, which include Real Simple, Cottage Living, Coastal Living and Southern Living, among others; and style and entertainment, which includes People, InStyle and Entertainment Weekly, which has suffered a severe downturn and is likely to be whittled down under the new structure.
Heads of the news and entertainment units will continue to report to John Huey, the editor in chief of Time Inc. The lifestyle unit, which may be run by Bill Shapiro, who has been development editor, will report to the business side of the company. Martha Nelson, who is editor of the People Group, will head the entertainment division.
Ms. Moore declined to be interviewed, but in an article published in The Times of London a little more than two weeks ago she said, “I don’t know if there will be layoffs.”
snip
(Excerpt) Read more at nytimes.com ...
ping
Maybe those layed off workers can find a job with the New York Times?
The boycott is working.
Your TIME is up...
And they still don’t have a clue......
http://online.wsj.com/article/BT-CO-20081028-718835.html
CBS’s Rich Dividend Yields Little Confidence
The Future of TIME
And they still don’t have a clue......
They probably laid off anyone that had ever voted for a Republican.....
The slide they are on must be fun for them.
Christian Science Monitor announced today it would quit publishing the newspaper next spring and offer only their on line edition.
The End of TIME
I was hoping to read more about radically altering the culture. That could mean just about anything. I would hope it means that they will have less biased articles...and of course, the NYT would never report that part of the story!
I’m still amazed that Slime has/had 10,000 employees.
What the hell do they do?
Brother, can you spare me a TIME
TIME is Money
Is Joe Klein on on them? Hope so
coat closet, National Gallery
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