Posted on 11/16/2008 8:48:01 AM PST by COUNTrecount
THE cutbacks at Time Inc. are starting to claim more senior people on the business side at the same time that the editorial cuts accelerate.
And in a move likely to surprise no one, Time Inc. CEO Ann Moore has decided not to have a Christmas party this year.
Last year, during the one December of the past four when there were no layoffs, Moore held an in-house party that featured the Time Inc. Glee Club, a buffet and beverages.
This year, she decided to fire up to 600 people - and skip the party altogether.
Meanwhile, at least 20 editorial people were axed yesterday by Rick Tetzeli, the managing editor of Entertainment Weekly. Elsewhere, the company said it was axing 92 people from the circulation and consumer-marketing departments.
Some publications are looking for volunteers to leave.
Sports Illustrated Group at first looked like it would be the hardest-hit by the job cuts, but Editor Terry McDonell is actually looking for 40 people to step up across his entire group, which includes the sports weekly and related Web sites, Golf Magazine, SI for Kids and Sports Illustrated Latino. Staffers have until Nov. 24 to decide.
People also is looking for 18 volunteers, and Rick Stengel, the top editor at Time, is seeking 20 employees to step forward.
The editorial employees on People, Time and Sports Illustrated are covered by a union contract with the Newspaper Guild. Entertainment Weekly staffers are not covered, and thus were being cut outright yesterday.
No numbers have been divulged yet for Fortune and Money.
Time Inc. Editor-in-Chief John Huey already bounced Money's top editor, Eric Schurenberg, on Nov. 6, and replaced him with Fortune Executive Editor Craig Matters.
(Excerpt) Read more at nypost.com ...
I wouldn’t think Time Inc. would even have a Christmas party. I’d expect something more like a Winter Fiesta or maybe a Snow Festival.
If Fortune and Money had to lay people off, THAT would be ironic.
And it would make me wonder why the hell I was subscribing.
Geez, if they had fired 650 people then they could have afforded a very nice Christmas party. What is wrong with Time? (smile)
Awwww... brings tears to my eyes...
Meanwhile, at least 20 editorial people were axed yesterday by Rick Tetzeli, the managing editor of Entertainment Weekly.
another tear...
"Elsewhere, the company said it was axing 92 people from the circulation and consumer-marketing departments."
Tears are really flowing now...
And pigs fly.
Schadenfreude!
The question Time should ask...is where are the readers? Where are the subscriptions? Where are the broadbased supporters of Time?
The answer is that they have been draining out this crowd magazine for twenty years. Up until 2000...I might have read at least a dozen issues a year. In the past five years....I’ve picked up one issue at the dentist and thats it. No one really cares to read a very slanted view of the world. Toss in the fact that eighty percent of the magazine is already old news by the time it comes out....makes this a joke for a magazine.
If they want five suggestions to fix it, then fine: (1) move the magazine out of NY City and put it in Nashville, TN...to slash salaries of employees by fifty percent. (2) Pick out a Republican and Democrat senator each week and give them a tough subject to argue key points on...with no slant by the writers of the magazine. (3) Half of the entire magazine ought to be “heartland” material and talk about topics that regular people face...rather than go to the middle of Africa to discuss tribal feuds (let the National Geographic folks do what they should cover, not global warming in every single issue). (4) Hire journalist graduates from real universities in America, not Harvard, Yale, Princeton or Colombia. And (5) Accept the fact that a good forty-five percent of America just doesn’t appreciate the Obama administration, so offer a honest critique and slap occasionally.
I wonder why you subscribe to anything owned by NYT Inc. at all.
A story like this brings warmth to the heart.
“I wouldn’t think Time Inc. would even have a Christmas party. I’d expect something more like a Winter Fiesta or maybe a Snow Festival.”
Or at least an “Xmas” party!
I expect we’ll see Christmas, Easter and any other religious holiday thrown off the calander as Democrats make the rediculous charge that a national holiday celbrating Christ is a ‘religious endorsement by the government’.
Canb’t happen? Really? It’s perfectly legal for a govenrment official to express their religious beliefs in public, but the ACLU is hard at work trying to strip officials of that constitutionally protected right.
What’s wrong with Festivus, that’s more in keeping with Time’s worldview than Christmas.
Time for airing of grievances and feats of strength.
Time Magazine has long since forfeited any credibility. Time is reduced to serving up endless journalistic Lewinskis to the democrat party.
Even democrats can’t tolerate this type of over-the-top bias.
Time is unreadable. Seriously, when was the last time you or anyone you know ever read this rag?
It is “Time” to shut the doors and close down permanently.
Post #9: excellent analysis.
However, Time is run by uber-leftists who will reform NOTHING, util the day they shut down.
Happy Festivus!
Just read the infamous “obama issue” of Time (I get it free).
It was full of so much ga-ga for Obama it was beyond unbelievable.
I’m going to save the issue to refer back to when the disappointment and historical perspective hits.
Of course, by then Time itself will be defunct, and a part of history.
You caught me off guard, I did not think Time and the New York Times were all one company.
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