TIME All out of Whack
Posted on 01/12/2013 5:36:01 AM PST by Zakeet
Time Warner's Time Inc. will lay off up to 700 staffers out of just under 8,000 total as the publisher's new chief struggles to transform famous titles and massive market share into a digital profit center.
The staff cuts will come sometime in the first quarter, said a person familiar with the company's plans, and will be across the board -- not just focused on editorial, where staffing has already been hard hit.
[Snip]
Time Inc. revenue fell 6% for the nine months ended in September to $2.5 billion. Profit dropped 14% to $220 million. During that period, it dominated 21.5% of overall domestic magazine advertising.
Time's stable of 21 U.S. magazines and 25 websites includes Time, In Style, Fortune, People, Entertainment Weekly, Sports Illustrated and Real Simple. It has over 100 titles worldwide.
(Excerpt) Read more at businessinsider.com ...
“It’s the liberal garbage and Obama worship you fill your pages with each and every week.”
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The problem for liberal outlets is that the garbage they spew is totally predictable and devoid of any entertainment value. Liberal talking points are like listening to a broken record. Same thing over and over again. Blame conservatives, expand government, and champion the Takers.
i agree 100%
They could replace their whole news department with a fax machine directly connected to The white House and no one would notice the difference.
See my tagline
Law of unintended consequences may play a role also-—the public school system has not been interested in teaching kids how to read or think critically for quite some time now. So who did they think would be their future customer base?
Besides, once a week news cycle is so 20th century-—Progress is where it is at.They are progressive but have made no progress in this arena.
Leni
TIME All out of Whack
ping
Just rename it "Obama Magazine" already and be done with it.
Isn’t there already an “O” magazine ( for Oprah) and it also isn’t doing well..Neither is her OWN (Oprah Winfrey Network)
“You must remember this
A miss is still a miss
A lie is still a lie
The fundamental things apply
As Time goes bye-bye”
Now I’m going to have that tune stuck in my head all day. Witty though.
Couldn’t happen to a better magazine!
Awesome news!
I would like to see everybody who works for the Democrat "mainstream" newsrooms lose their jobs, their homes, and their families. For what they have done to a once-proud nation they deserve nothing less.
(spit)
Years ago they had a great book publishing section.
Leftists ruin all.
Fantastic! Hopefully more layoffs will come!
Time employs that many people? For what? I hate for anyone to lose a job, but how many people does it take to print rat talking points every so often?
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