Time Warner to cut Time Inc jobs (Dinosaur Media DeathWatch™)

Reuters ^ | October 22, 2009 | Robert MacMillan and Dhanya Skariachan

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Time Warner Inc's (TWX.N) magazine division Time Inc plans another round of job cuts as advertising declines erode revenue, a source familiar with the unit said on Thursday.

The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune -- would be at about the same level as the division cut last year, the source said.

Time Inc. cut more than 600 positions, or more than 6 percent of its workforce, in that round.

The company declined to comment, though a spokesman for Fortune magazine separately said that it plans to shave the number of issues that it publishes a year to 18 from 25.

The report of the cuts first appeared on The Wall Street Journal's website sourced to people familiar with the matter.

Declines in ad revenue are hurting magazines and newspapers as the Internet sucks away readers, and advertisers cut their budgets because of the recession.

McGraw-Hill Companies (MHP.N) earlier this month said it was selling BusinessWeek magazine to Bloomberg LP.

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TIME has Come Today

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ping

[Rummyfan]

The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune...

Who even reads these rags any more except while in the doctor's / dentist's waiting room?

[Old Retired Army Guy]

It’s just a matter of time and it will go the same way as US News & World Report (Internet Only). Don’t know whether it will beat Newsweek though.

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http://online.wsj.com/article/SB10001424052748703816204574489722150915010.html
Fortune Magazine Cuts Back Number of Issues
Changes Are Said to Foreshadow Further Restructuring at Time Inc. Publications as Ad Slump Drags On

http://www.nypost.com/p/news/business/graydon_awol_as_vanity_fair_cuts_k2uJbDGl9ydU0uTa0OE16K
Graydon AWOL as Vanity Fair cuts staff

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TIME

"TIME, oh, TIME
Where did you go
TIME, oh, good, good TIME
Where did you go"

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The Future of TIME

[bgill]

Fortune magazine separately said that it plans to shave the number of issues that it publishes a year to 18 from 25.

How is putting out a third less of a product going to help? Sounds like it's the product that isn't wanted as opposed to ad revenue.

The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune -- would be at about the same level as the division cut last year

So, it isn't because of this year's recession. Wonder if they cut jobs at this time of year two years, three years, four years ago.

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http://www.adweek.com/aw/content_display/news/digital/e3i62edbb41c75b175b1955b360c38bff9a
Hulu: Still Committed to Free Content
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http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029643
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http://www.ft.com/cms/s/0/023176c6-bf68-11de-a696-00144feab49a.html
Time Inc prepares for further job cuts

http://www.cjr.org/behind_the_news/howard_kurtz_missing_in_action.php
Howard Kurtz, Missing in Action

http://www.forbes.com/2009/10/22/media-new-york-times-business-media-times.html
The New York Times: The Bad News About The Good News

http://www.thewrap.com/ind-column/comcast-update-due-diligence-30-rockefeller-nbc-u-9029
Comcast Update: Due Diligence at 30 Rock With NBCU

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/22/AR2009102204314.html
NBC fills in the margins with notes for a new strategy

http://www.businessweek.com/magazine/content/09_44/b4153063914355.htm
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http://digital.venturebeat.com/2009/10/22/web-20-foxs-digital-chief-is-serious-about-regaining-momentum/
Web 2.0: News Corp.’s digital chief is serious about regaining momentum

[Buckeye McFrog]

for example, the Graphics Department had to cut the number of full-time Photo Editors devoted to preparing cover photos of Barack Obama from 7 down to 4.....

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The Hands of TIME

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http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/10/netflix-revenue-surges-24-subscriber-additions-nearly-double.html
Netflix revenue surges 24%; subscriber additions nearly double

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http://www.poynter.org/column.asp?id=131&aid=172280

Figures to be released Monday will show circulation of the Sunday Detroit Free Press down 7.5 percent and sales of the Free Press and Detroit News off as much as 15 percent on some days during the week. The figures, provided by Janet Hasson, senior vice president for audience development and strategy, reflect the six months ending Sept. 30, compared with the same period in 2008.

[Grampa Dave]

I’m surprised that anyone can read in Detroit after decades of affirmative action public schools.

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http://cancelthebee.blogspot.com/
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http://www.time.com/time/business/article/0,8599,1931356,00.html
Can a Customized Paper Survive the Demise of Print?

http://www.theawl.com/2009/10/vanity-fair-layoffs-more-than-80-female
‘Vanity Fair’ Layoffs: More Than 80% Female

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029983
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http://www.dailytexanonline.com/top-stories/rather-points-to-faltering-industry-1.2034687
Rather points to faltering industry

[Lockbar]

Oh NO!!! Say it ain’t so! I won’t be able to sleep all week-end!!! zzzz zzz zzzz

[Chode]

thank you...

[Chode]

the witching hour cometh...