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Time Inc. will be serving layoffs for holidays (Dinosaur Media DeathWatch™)
New York Post ^ | October 28, 2009 | Keith J. Kelley

Posted on 10/28/2009 6:39:33 AM PDT by abb

Time Inc. is bracing for another round of cutbacks.

Sources say the layoffs will be most severe in the division that includes Fortune, Sports Illustrated, Time and Money, and will be carried out before the Thanksgiving break.

Since many of the old-line titles at Time Inc. are covered by union contracts with the Newspaper Guild, the company will likely have to offer voluntary buyout options as part of the downsizing.

Time is running out if it hopes to complete the layoffs and write off the costs in the fourth quarter.

Ann Moore, CEO of Time Inc., personally took over supervision of that unit when she assigned its former group head and executive vice president, John Squires, to the new digital publishing initiative. He is charged with working on getting magazines onto e-readers.

Time Inc. axed about 600 people last year, and is down to about 9,000 employees worldwide.

The guessing game inside the company says that this round of cuts will not be as deep as a year ago.

But, as one insider said, "It changes week to week and nothing is final yet."

Condé cuts

At 4 Times Square, the Condé Nast carnage, which began on Oct. 5 with the axing of 180 people and closing of four magazines, stretched into its fourth week.

Staffers were laid off from the edit side at Details and the business side at Teen Vogue.

At Details, Executive Editor Greg Williams was among two people let go by Editor-in-Chief Dan Peres.

Laura McKeown, the publisher of Teen Vogue, delivered the bad news to six members of the business staff.

The total number of people axed at Condé Nast this year has now surpassed 450 people.

snip

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


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; bhoeconomy; condnast; dbm; economy; enemedia; hopeychangey; liberalmedia; magazines; msm; msmdeathwatch; obamavoters; obamedia; time; unemployment
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TIME Stands Still

1 posted on 10/28/2009 6:39:37 AM PDT by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 10/28/2009 6:40:21 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
Time Inc. will be serving layoffs for holidays ...

So the "Man of the Year" is.... THE GRINCH!

3 posted on 10/28/2009 6:40:52 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: abb
Time is running out if it hopes to complete the layoffs and write off the costs in the fourth quarter.

Unintended pun award...

4 posted on 10/28/2009 6:42:30 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: abb

Fun flies when you’re doing TIME.


5 posted on 10/28/2009 6:43:07 AM PDT by Da Coyote
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To: abb

TIME RAG
(Words and Music by Joan Baez)

Ripping along towards middle age
And my music career kind of missed a page
Record sales began to drop
The management all began to hop
Not worry, they said, you’ll see
What you need is some fresh publicity
Just give us a nod and we’ll all leap
Towards putting you back at the top of the heap
I said, Fine, I’ll give it a whack
I hung up the phone and I turned my back
Began daydreaming I was somebody else
When the phone jumped over from the wall to the shelf
We just had a break, this is really fine
We can make the January issue of TIME
If you’ll give us Monday, a week from today
From two to four, now what do you say?

I said, TIME, TIME mag, mag
You got me on the rag, rag
Take your insults about the queen
And shove them up your royal Timese machine

But I scribbled it down on the wall calendar
And wondered about my interviewer
Maybe he’d be just a real nice guy
Bright and sympathetic with a roving eye
We’d forget all about the assignment due
Formalities, photos, and the interview
We’d hop on into his big rent-a-car
Go for a lovely drive, not far....maybe France
As the big day approached it slipped my mind
Till my secretary showed up at the house to remind
Me to switch into gear for the big coup de gras
The meeting with the man from the media
I swept the driveway and polished the phone
Put on a Kenzo knit in two-tone
Fluffed the pillows in the burgundy chair
Made up my eyes and brushed my hair...all in that order
When he called to say he was three hours late
My cheerful facade began to disintegrate
The photographer’d be even later still
She was hopelessly lost in the nearby hills
He arrived not exactly the man of my dreams
Not bad for a rep from the Timese machine
Asked me a wandering question or three
And I thought he was actually listening to me

And I said, TIME, TIME mag, mag
You got me on the rag, rag
Take your insults about the queen
And shove them up your royal Timese machine

Curious about his interest
I babbled my way through the worldwide list
Ireland, Chile and the African states
Poetry, politics and how they relate
Motherhood, music and Moog synthesizers
Political prisoners and Commie sympathizers
Hetero, homo and bisexuality
Where they all stand in the nineteen-seventies
Then suddenly it stopped and he started to lobby
Said, Tell me some inside stuff about Bobby
Bobby who? I smiled and said
And the TIME man’s face was laced with red
I know you guys used to know each other
I know you refer to him as being your brother
And I know that you know where he’s coming from
I said, You know alot for being so Goddamned dumb

And I said, TIME, TIME mag, mag
You got me on the rag, rag
Take your insults about the queen
And shove them up your royal Timese machine

Well I never gave him quite what he came for
The inside story and it’s really a shame
For I never made the January issue of TIME
And just before I run out of words that rhyme
I really should tell you that deep in my heart
I don’t give a damn where I stand on the charts
Not as long as the sun sinks into the west
And that’s going to be a pretty serious test.....of time

© 1977, 1978 Gabriel Earl Music (ASCAP)


6 posted on 10/28/2009 6:43:34 AM PDT by UnbelievingScumOnTheOtherSide (IN A SMALL TENT WE JUST STAND CLOSER! * IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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To: abb

http://nyunews.com/news/2009/oct/28/intelligence/
Media moguls debate the current state of news

http://online.wsj.com/article/SB125668986047512001.html
On the Web, Amateurs Rivaling Professionals

http://www.broadcastingcable.com/article/366619-CTAM_Summit_2009_Kilar_Hulu_Not_Giving_It_Away_for_Free.php
CTAM Summit 2009: Kilar — Hulu Not “Giving It Away” for Free

http://online.wsj.com/article/SB10001424052748703574604574499730302393274.html
FCC Considers Shifting Some TV Airwaves to Broadband

http://www.tnr.com/blog/the-plank/the-owner-%E2%80%98politico%E2%80%99-going-after-the-%E2%80%98post%E2%80%99-again
The Owner of ‘Politico’ Is Going After the ‘Post.’ Again.

http://business.timesonline.co.uk/tol/business/industry_sectors/media/article6892907.ece
London Lite may be next to fold in battle of freesheets


7 posted on 10/28/2009 6:43:45 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: UnbelievingScumOnTheOtherSide

Closing TIME

8 posted on 10/28/2009 6:45:54 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: 2banana

TIME is running out

9 posted on 10/28/2009 6:46:57 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: abb

Any chance they will give Joe Klein the heave ho?


10 posted on 10/28/2009 6:47:05 AM PDT by Old Retired Army Guy (tHE)
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To: abb

11 posted on 10/28/2009 6:48:19 AM PDT by Dewey Revoltnow
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To: Old Retired Army Guy

We can hope!


12 posted on 10/28/2009 6:48:53 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
Another worthy tidbit from the article:

People enjoyed 2 million in newsstand sales with its Jaycee Dugard issue -- including the first recent pictures of the girl who was held captive for 18 years -- but followed that with one of its worst-selling issues of the year.

Sources say the Nicole Richie baby cover now on sale is estimated to have newsstand sales of just over one million this week. That keeps People at the top of the celebrity weekly category, but not by much -- and it lags its usual average of about 1.4 million a week.

People is said to have paid in mid-six figures for the photos.

Time Warner's crown jewels are losing their luster.

13 posted on 10/28/2009 6:51:48 AM PDT by Zakeet (Central Park Zoo vs. White House -- one has an African Lion -- other has a lyin' African)
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To: abb
Ebenezer Scrooge still lives at Slime: Bah, Humbug to all the athesists at Slime!
14 posted on 10/28/2009 6:52:31 AM PDT by Grampa Dave (Does 0b0z0 have any friends, who aren't traitors, spies, tax cheats and criminals?)
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To: Dewey Revoltnow

TIME Of The Season

15 posted on 10/28/2009 6:53:05 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

If Time had held to its’ original orientation, best expressed by Senior Editor Whittaker Chambers, would this be happening?


16 posted on 10/28/2009 6:53:24 AM PDT by iowamark (certified by Michael Steele as "ugly and incendiary")
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To: Grampa Dave

The End of TIME

17 posted on 10/28/2009 6:54:07 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

Very important article.

http://www.freerepublic.com/focus/f-news/2372432/posts

Mises.org in the Context of Publishing History
Mises.org ^ | October 26, 2009 | Jeffrey A. Tucker

Posted on Tuesday, October 27, 2009 7:47:24 PM by Milhous


18 posted on 10/28/2009 6:55:19 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

19 posted on 10/28/2009 6:56:13 AM PDT by Dewey Revoltnow
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To: abb

20 posted on 10/28/2009 6:56:24 AM PDT by UnbelievingScumOnTheOtherSide (IN A SMALL TENT WE JUST STAND CLOSER! * IT'S ISLAM, STUPID! - Islam Delenda Est! - Rumble thee forth)
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