The Sands of TIME
Posted on 10/28/2009 6:39:33 AM PDT by abb
Time Inc. is bracing for another round of cutbacks.
Sources say the layoffs will be most severe in the division that includes Fortune, Sports Illustrated, Time and Money, and will be carried out before the Thanksgiving break.
Since many of the old-line titles at Time Inc. are covered by union contracts with the Newspaper Guild, the company will likely have to offer voluntary buyout options as part of the downsizing.
Time is running out if it hopes to complete the layoffs and write off the costs in the fourth quarter.
Ann Moore, CEO of Time Inc., personally took over supervision of that unit when she assigned its former group head and executive vice president, John Squires, to the new digital publishing initiative. He is charged with working on getting magazines onto e-readers.
Time Inc. axed about 600 people last year, and is down to about 9,000 employees worldwide.
The guessing game inside the company says that this round of cuts will not be as deep as a year ago.
But, as one insider said, "It changes week to week and nothing is final yet."
Condé cuts
At 4 Times Square, the Condé Nast carnage, which began on Oct. 5 with the axing of 180 people and closing of four magazines, stretched into its fourth week.
Staffers were laid off from the edit side at Details and the business side at Teen Vogue.
At Details, Executive Editor Greg Williams was among two people let go by Editor-in-Chief Dan Peres.
Laura McKeown, the publisher of Teen Vogue, delivered the bad news to six members of the business staff.
The total number of people axed at Condé Nast this year has now surpassed 450 people.
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(Excerpt) Read more at nypost.com ...
The Sands of TIME
A genuine conundrum, here: It's past their Time, Time to sigh, Time die, Time's done run out of Time. LOL
"No time to lose."
Media eats own, more to follow.
Brother, can you spare me a TIME
time isn't holding us, time isn't after us
time isn't holding us, time doesn't hold you back
time isn't holding us, time isn't after us
time isn't holding us,
http://www.medialifemagazine.com/artman2/publish/Hereandthere/Ad_prices_slump_during_third_quarter.asp
TV ad prices slump during third quarter
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=116241
TargetCast: 3Q Network Ads Drop 16%
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=116202
Stream Time: YouTube, Hulu Double Viewer Traffic
http://www.minnpost.com/braublog/2009/10/28/12920/dfler_opperman_republican_taylor_team_up_to_be_star_tribune_minority_owners
DFLer Opperman, Republican Taylor team up to be Star Tribune minority owners
http://www.startribune.com/business/66751352.html?elr=KArks:DCiU1OiP:DiiUiacyKUnciaec8O7EyUr
Taylor, Opperman make bid for stake in Star Tribune
http://newsosaur.blogspot.com/
Newspaper circ stats: Murkier than ever
http://www.wordyard.com/
How the bridge news flowed
http://www.businessinsider.com/sam-zell-no-newspapers-can-survive-2009-10
Sam Zell: No Newspapers Can Survive
Yes, quite true.
And as long as we're mixing & murdering metaphors for the express purpose of producing some awfully funny conundrums? Let me add the Time-Warner's jewels surely must be getting sore as hell given all the kicks they've taken.
Accept no substitutes! LOL
I don’t follow celebs that much, but when something interesting pops up, I can go to a million different online sites to see what’s up. Why do I need a magazine?
I say that as a magazine-lover, however, it seems that some ‘news’ just doesn’t need a magazine anymore.
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