TIME Inc., Newspaper Guild meet to talk layoffs (Dinosaur Media DeathWatch™)

Daily Finance ^ | November 3, 2009 | Jeff Bercovici

[abb]

The guillotine has begun its descent at Time Inc. Sources at the publishing company (which is part of the same conglomerate as DailyFinance parent AOL) say executives have asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations. A Time Inc. spokeswoman declined to comment, but John Shostrom, chairman of the company's Guild unit, said the meeting will take place "soon." He said it was Time Inc. that called the meeting.

"They act, and we react," said Shostrom. "The Guild doesn't lay people off. We just fight back when they make proposals to lay people off."

It's been expected for some time that the publisher, whose titles include People, Sports Illustrated and Time, would implement cost-cutting measures, including a workforce reduction, in the fourth quarter. The New York Times says the company is aiming to reduce its overhead by a further $100 million after slimming its payroll by 600 jobs last year. As of Friday, a Guild representative told the Times he had yet to be notified of planned layoffs.

A Time Inc. insider says managing editors of the various company magazines met with human resources officials yesterday to talk about the planned downsizing. Tomorrow, memos will go out asking for volunteers to accept severance packages.

Time Warner, Time Inc.'s parent, will announce its third-quarter earnings tomorrow.

[abb]

Another dollop of good news tonight.

[abb]

ping

[ConservativeMind]

Yeah!

[dr_who]

Can’t wait for their very last Obama cover. Die, scumbags, die!

[abb]

http://news.harvard.edu/gazette/story/2009/11/the-future-of-news/
The future of news
Hard times shake a First Amendment bulwark

http://www.mediaweek.com/mw/content_display/news/magazines-newspapers/e3i86ae90f31229976234124b05dddfef5d
Bloomberg to Build Out ‘Business,’ Set Web Strategy

[RingerSIX]

‘Bout time!

[SevenofNine]

Hey ABB did you get the story about Tribune company going drop AP wire for a week story

[2banana]

It is turning out to be a pretty good night!

[abb]

Yes, I saw that.

TIME Stands Still

[dr_who]

Sounds promising.

[Frantzie]

Maybe they can put Obama on the cover again. They also have a Ted Kennedy special commemorative issue. Time is so stupid. They might as well do a Helen Thomas swimsuit issue. They have no clue.

[abb]

The End of TIME

[353FMG]

“...asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations.”

.
Eliminate them all — there is no need for TIME.

[SevenofNine]

Time is in the bottle LOL!

[SevenofNine]

Time is in the bottle LOL!

[abb]

[theDentist]

"... We just fight back when they make proposals to lay people off."

A-HAAAAHahahahaaaa! TIME is fighting for it's life, and the Union is fighting for it to die faster. The Titanic sank in 2 hours, 40 minutes. These guys would be fighting to keep people off the lifeboats while refusing to secure watertight doors knowing it'd sink faster!

[Landru]

"The guillotine has begun its descent at Time Inc. Sources at the publishing company (which is part of the same conglomerate as DailyFinance parent AOL) say executives have asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations. A Time Inc. spokeswoman declined to comment, but John Shostrom, chairman of the company's Guild unit, said the meeting will take place "soon." He said it was Time Inc. that called the meeting."

I see, sounds serious. :^)
Well...what's The Guild have to say 'bout all this? Lessee...

"'They act, and we react,' said Shostrom. 'The Guild doesn't lay people off. We just fight back when they make proposals to lay people off.'"

Oh.
Sounds owly. LOL!!!!!!

abb?
Sure is some collection of broken clock .JPEGs ya got there.
How Timely. ;^) LOL!!!

[abb]

Profile of TIME

[Landru]

HAAAAAAAAAAA!!!
Good GRIEF, the funniest one yet.
Lemme guess: In front of Time Inc?? LOL

{FYI: Laughed so loud my bride yelled up for me to shaddap!! That'll teach'er for putting chocolate syrup on my ice cream, but for that I'd be sleeping. LOL!!}