TIME INC. LAYS OFF 250

Media Works News...AdAge ^ | April 07, 2006 | Nat Ives

[george76]

Mid-Level Business Staffers Hit Hardest...

Time Inc. eliminated another 250 jobs today in its latest, largest and, perhaps, last round of cutbacks.

The mid-level and junior-level workers shown the door almost all came from the business side of operations at a long list of titles.

"As Time Inc. continues to evolve from a magazine publisher to a multiplatform media company, we're continuing to look at our cost base and how to run our business more efficiently and effectively.

In doing so, unfortunately, we've had to eliminate a number of positions."

"But it's not just about cost cutting," Ms. Zelenko added...

[Milhous]

Yet another trophy to add to my hit list. :))

TIME INC. LAYS OFF 250 - 04/07/2006
BOSTON AD SKID CHILLS TIMES (12% revenue decline the worst of major newspaper groups) - 03/23/2006
GALLUP POLLING DROPS CNN AFTER 'LOW RATINGS'; FULL MEMO REVEALED - 03/21/2006
'Washington Post' To Cut 80 Newsroom Jobs, Sources Say - 03/10/2006
Gannett January ad revenue slips - 02/15/2006
E.W. Scripps Reports 4Q Loss of $603,000 - 02/02/2006
Knight Ridder profit declines 22% - 01/31/2006
TIMES BOMBS ("paper of record" 2001-04 daily circulation off 19%) - 01/11/2006
TIMES' 4Q PROFIT OFF (attributes costs of 500 job cuts) - 12/22/2005
Gannett Nov. Revenue Drops 2.1% (Other MSM sinking, too) - 12/08/2005
L.A. Times Drags on Tribune Revenue (200 *more* layoffs expected) - 12/02/2005
Newspaper circulation down. Sanfrancisco Chronicle down 17% - 11/08/2005
Newspaper Circulation Continues to Decline (NY Daily News DOWN 1.5% - May 2005) - 10/24/2005
Bored readers cutting off Globe’s circulation - 10/20/2005
Time Inc. Gets A U.S. Subpoena About Circulation - 09/24/2005
Denver papers use liberal rules to boost circulation - 08/08/2005
Advertisers Sue 'Minneapolis Star Tribune' Over Circulation Inflation - 06/29/2005
Arrests made in Newsday circulation scandal - 06/16/2005
Los Angeles Times Reports March Circulation (Down, down, down) - 05/02/2005
Belo Begins Refunding Advertisers Over Inflated Circulation Figures (Texas) - 05/02/2005
Why Can’t the Washington Post Keep Circulation Up? - 07/23/2004
Newsday, Hoy publishers retire amid circulation scandal - 07/19/04
Publishers Seek Scapegoats for Circulation Woes - 07/05/2004
Tribune Company (LA Times parent) Admits Inflated Circulation Numbers At Two Papers - 06/23/2004

[PJ-Comix]

Nowadays, Time magazine is pathetically small. Only about 35 to 45 pages. And who would want to but it anyways? By the Time the magazine hits the stands, the news in it is already stale.

[Porterville]

"Time Inc. continues to evolve "

Conservatives read newspapers and magazines. They also spend money.

Liberals watch TV, steal cable and the comics section.

What part of target market are these SOBs missing.

[Lancey Howard]

Imagine if they ever posted their true circulation numbers?

Ahh, but there HAS been a lot of legal action over the past couple of years over true circulation numbers - - several of the dinosaur media publications were caught lying, thereby committing fraud against their advertisers.

I believe this is why there have been lots and lots of layoffs in the newspaper business over the past year or so. The newspapers are afraid to keep cheating so they announce "drops" in circulation and make up for lost revenue by laying people off.

Personally, I wish they would just hurry up and die.

[Borges]

Jihadists are the enemy. Liberals are political opponents.

[samadams2000]

They are still way behind the curve and hiding the salami...If someone in the boardroom blurted out what they thought were the true circ numbers theyd shut it down immediately. Despite the lawsuits, job security is #1.

[BlessedByLiberty]

Good analysis. She has a venomous streak that can be somewhat camouflaged by having a co-host, but as central figure of a nightly broadcast she won't be able to hide it.

Tim Goodman wrote a nasty, biting column about her new position in the SF Chronicle.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/04/06/MNGCGI4CA91.DTL

[george76]

Nice trophy list.

[Nexus6]

....."TIME" to let them get a real job like the rest of us....

I hear McCain has an offer on the table to pay any American $50/hr to pick lettuce (ya' know, the jobs Americans won't do). I'm trying to take him up on his offer but somehow I don't think he'll be responding to my e-mail anytime soon.

[nopardons]

YIKES!

[fifthestate]

If you don't think its funny, don't laugh. But you will not steal my joy in seeing one of the enemy's of this country fall.

mega-dittoes!!!

[boycottliberalhollywood.com]

Think of the forests that could be saved if Time-LIfE stopped publishing.

Think of the forests lives that could be saved if Time-LIfE stopped publishing. From unborn children to our soldiers in Iraq, the less the MSM poisons our culture, the better.

[Extremely Extreme Extremist]

Nowadays, Time magazine is pathetically small. Only about 35 to 45 pages. And who would want to but it anyways? By the Time the magazine hits the stands, the news in it is already stale.

And it's not even news anymore. On the cover is usually some Hollywood twit or the latest healthcare propaganda.

But I agree with an earlier poster, who said that Time is now research material for elementary school kids, which is unfortunate.

[HIDEK6]

Liberals are political opponents.

You just don't understand the situation.

[AmishDude]

Dentists will be saddened a few months from now!

[Mogollon]

Time is a hippie magazine?

All their reporters are ex-60's radicals...just like most of academia.

[DoughtyOne]

I agree. Thanks.

[AlexW]

How many more to go before this trashy rag dries up and blows away.

[Brit1]

I think you should release Moussaoui and Reid straight away. Somewhere over Mid Atlantic would be about right.