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Time Warner to cut Time Inc jobs (Dinosaur Media DeathWatch™)
Reuters ^ | October 22, 2009 | Robert MacMillan and Dhanya Skariachan

Posted on 10/23/2009 5:20:26 AM PDT by abb

Time Warner Inc's (TWX.N) magazine division Time Inc plans another round of job cuts as advertising declines erode revenue, a source familiar with the unit said on Thursday.

The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune -- would be at about the same level as the division cut last year, the source said.

Time Inc. cut more than 600 positions, or more than 6 percent of its workforce, in that round.

The company declined to comment, though a spokesman for Fortune magazine separately said that it plans to shave the number of issues that it publishes a year to 18 from 25.

The report of the cuts first appeared on The Wall Street Journal's website sourced to people familiar with the matter.

Declines in ad revenue are hurting magazines and newspapers as the Internet sucks away readers, and advertisers cut their budgets because of the recession.

McGraw-Hill Companies (MHP.N) earlier this month said it was selling BusinessWeek magazine to Bloomberg LP.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; ccrm; dbm; enemedia; liberalmedia; magazines; msm; time

TIME has Come Today

1 posted on 10/23/2009 5:20:26 AM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 10/23/2009 5:21:02 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune...

Who even reads these rags any more except while in the doctor's / dentist's waiting room?

3 posted on 10/23/2009 5:24:54 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: abb

It’s just a matter of time and it will go the same way as US News & World Report (Internet Only). Don’t know whether it will beat Newsweek though.


4 posted on 10/23/2009 5:25:30 AM PDT by Old Retired Army Guy (tHE)
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To: abb

http://online.wsj.com/article/SB10001424052748703816204574489722150915010.html
Fortune Magazine Cuts Back Number of Issues
Changes Are Said to Foreshadow Further Restructuring at Time Inc. Publications as Ad Slump Drags On

http://www.nypost.com/p/news/business/graydon_awol_as_vanity_fair_cuts_k2uJbDGl9ydU0uTa0OE16K
Graydon AWOL as Vanity Fair cuts staff


5 posted on 10/23/2009 5:33:11 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Old Retired Army Guy

TIME

"TIME, oh, TIME
Where did you go
TIME, oh, good, good TIME
Where did you go"

6 posted on 10/23/2009 5:33:57 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Rummyfan

The Future of TIME

7 posted on 10/23/2009 5:34:52 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
Fortune magazine separately said that it plans to shave the number of issues that it publishes a year to 18 from 25.

How is putting out a third less of a product going to help? Sounds like it's the product that isn't wanted as opposed to ad revenue.

The job cuts at Time Inc -- which publishes Time magazine, People, Sports Illustrated and Fortune -- would be at about the same level as the division cut last year

So, it isn't because of this year's recession. Wonder if they cut jobs at this time of year two years, three years, four years ago.

8 posted on 10/23/2009 5:36:00 AM PDT by bgill (The framers of the US Constitution established an entire federal government in 18 pages.)
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To: bgill

9 posted on 10/23/2009 5:42:44 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.adweek.com/aw/content_display/news/digital/e3i62edbb41c75b175b1955b360c38bff9a
Hulu: Still Committed to Free Content
The online video service has shot down reports that it planned to start charging users

http://www.editorandpublisher.com/eandp/departments/business/article_display.jsp?vnu_content_id=1004029603
Twice-Weekly ‘Midwest City Sun’ to Fold

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029643
Just How Daring is the ‘Newsday’ Pay Wall Gamble?


10 posted on 10/23/2009 5:59:12 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://www.ft.com/cms/s/0/023176c6-bf68-11de-a696-00144feab49a.html
Time Inc prepares for further job cuts

http://www.cjr.org/behind_the_news/howard_kurtz_missing_in_action.php
Howard Kurtz, Missing in Action

http://www.forbes.com/2009/10/22/media-new-york-times-business-media-times.html
The New York Times: The Bad News About The Good News

http://www.thewrap.com/ind-column/comcast-update-due-diligence-30-rockefeller-nbc-u-9029
Comcast Update: Due Diligence at 30 Rock With NBCU

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/22/AR2009102204314.html
NBC fills in the margins with notes for a new strategy

http://www.businessweek.com/magazine/content/09_44/b4153063914355.htm
CBS Is Looking More Like a Tiffany Network

http://digital.venturebeat.com/2009/10/22/web-20-foxs-digital-chief-is-serious-about-regaining-momentum/
Web 2.0: News Corp.’s digital chief is serious about regaining momentum


11 posted on 10/23/2009 6:24:30 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

for example, the Graphics Department had to cut the number of full-time Photo Editors devoted to preparing cover photos of Barack Obama from 7 down to 4.....


12 posted on 10/23/2009 6:28:52 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

The Hands of TIME

13 posted on 10/23/2009 6:35:36 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/10/netflix-revenue-surges-24-subscriber-additions-nearly-double.html
Netflix revenue surges 24%; subscriber additions nearly double


14 posted on 10/23/2009 8:12:54 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Milhous; Grampa Dave

http://www.poynter.org/column.asp?id=131&aid=172280

Figures to be released Monday will show circulation of the Sunday Detroit Free Press down 7.5 percent and sales of the Free Press and Detroit News off as much as 15 percent on some days during the week. The figures, provided by Janet Hasson, senior vice president for audience development and strategy, reflect the six months ending Sept. 30, compared with the same period in 2008.


15 posted on 10/23/2009 8:51:04 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

I’m surprised that anyone can read in Detroit after decades of affirmative action public schools.


16 posted on 10/23/2009 9:00:55 AM PDT by Grampa Dave (Does 0b0z0 have any friends, who aren't traitors, spies, tax cheats and criminals?)
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To: abb

http://cancelthebee.blogspot.com/
Star-Telegram to cut costs by getting opinion writers who write for free

http://www.time.com/time/business/article/0,8599,1931356,00.html
Can a Customized Paper Survive the Demise of Print?

http://www.theawl.com/2009/10/vanity-fair-layoffs-more-than-80-female
‘Vanity Fair’ Layoffs: More Than 80% Female

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004029983
SPECIAL REPORT: When Economy Rebounds — What’s Next for Newspapers? Tough Choices Await

http://www.dailytexanonline.com/top-stories/rather-points-to-faltering-industry-1.2034687
Rather points to faltering industry


17 posted on 10/23/2009 12:47:38 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Oh NO!!! Say it ain’t so! I won’t be able to sleep all week-end!!! zzzz zzz zzzz


18 posted on 10/23/2009 12:59:11 PM PDT by Lockbar (March toward the sound of the guns.)
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To: abb
thank you...
19 posted on 10/23/2009 2:55:38 PM PDT by Chode (American Hedonist *DTOM* -ww- I AM JIM THOMPSON!)
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To: abb
the witching hour cometh...

20 posted on 10/23/2009 3:01:01 PM PDT by Chode (American Hedonist *DTOM* -ww- I AM JIM THOMPSON!)
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To: Chode

TIME (Clock Of The Heart)

21 posted on 10/23/2009 5:05:25 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
lets try this again...

22 posted on 10/23/2009 5:24:27 PM PDT by Chode (American Hedonist *DTOM* -ww- I AM JIM THOMPSON!)
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To: abb

Midwest City Sun to fold? Hey that’s a reason to celebrate even if it’s only twice weekly. Think of the trees.


23 posted on 10/24/2009 7:51:42 PM PDT by MovementConservative (Go Ducks! BCS or bust.)
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