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TIME Inc., Newspaper Guild meet to talk layoffs (Dinosaur Media DeathWatch™)
Daily Finance ^ | November 3, 2009 | Jeff Bercovici

Posted on 11/03/2009 6:21:57 PM PST by abb

The guillotine has begun its descent at Time Inc. Sources at the publishing company (which is part of the same conglomerate as DailyFinance parent AOL) say executives have asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations. A Time Inc. spokeswoman declined to comment, but John Shostrom, chairman of the company's Guild unit, said the meeting will take place "soon." He said it was Time Inc. that called the meeting.

"They act, and we react," said Shostrom. "The Guild doesn't lay people off. We just fight back when they make proposals to lay people off."

It's been expected for some time that the publisher, whose titles include People, Sports Illustrated and Time, would implement cost-cutting measures, including a workforce reduction, in the fourth quarter. The New York Times says the company is aiming to reduce its overhead by a further $100 million after slimming its payroll by 600 jobs last year. As of Friday, a Guild representative told the Times he had yet to be notified of planned layoffs.

A Time Inc. insider says managing editors of the various company magazines met with human resources officials yesterday to talk about the planned downsizing. Tomorrow, memos will go out asking for volunteers to accept severance packages.

Time Warner, Time Inc.'s parent, will announce its third-quarter earnings tomorrow.


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: advertising; dbm; dinomedia; magazines; media; time; timemag
Another dollop of good news tonight.
1 posted on 11/03/2009 6:21:58 PM PST by abb
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To: 04-Bravo; aimhigh; andyandval; Arizona Carolyn; backhoe; Bahbah; bert; bilhosty; Caipirabob; ...

ping


2 posted on 11/03/2009 6:22:51 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb

Yeah!


3 posted on 11/03/2009 6:22:59 PM PST by ConservativeMind (I love it every time a criminal dies at the hands of a victim.)
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To: abb

Can’t wait for their very last Obama cover. Die, scumbags, die!


4 posted on 11/03/2009 6:23:30 PM PST by dr_who
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To: abb

http://news.harvard.edu/gazette/story/2009/11/the-future-of-news/
The future of news
Hard times shake a First Amendment bulwark

http://www.mediaweek.com/mw/content_display/news/magazines-newspapers/e3i86ae90f31229976234124b05dddfef5d
Bloomberg to Build Out ‘Business,’ Set Web Strategy


5 posted on 11/03/2009 6:25:27 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: dr_who

‘Bout time!


6 posted on 11/03/2009 6:25:39 PM PST by RingerSIX
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To: abb

Hey ABB did you get the story about Tribune company going drop AP wire for a week story


7 posted on 11/03/2009 6:31:11 PM PST by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: abb

It is turning out to be a pretty good night!


8 posted on 11/03/2009 6:32:26 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SevenofNine
Yes, I saw that.

TIME Stands Still

9 posted on 11/03/2009 6:33:32 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: SevenofNine

Sounds promising.


10 posted on 11/03/2009 6:33:54 PM PST by dr_who
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To: abb
Maybe they can put Obama on the cover again. They also have a Ted Kennedy special commemorative issue. Time is so stupid. They might as well do a Helen Thomas swimsuit issue. They have no clue.
11 posted on 11/03/2009 6:37:40 PM PST by Frantzie (Judge David Carter - democrat & dishonorable Marine like John Murtha.)
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To: Frantzie

The End of TIME

12 posted on 11/03/2009 6:45:26 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: dr_who

“...asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations.”

.
Eliminate them all — there is no need for TIME.


13 posted on 11/03/2009 6:53:11 PM PST by 353FMG (Save the Planet -- Erase Socialism)
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To: abb

Time is in the bottle LOL!


14 posted on 11/03/2009 6:54:53 PM PST by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: abb

Time is in the bottle LOL!


15 posted on 11/03/2009 6:54:54 PM PST by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: 353FMG

16 posted on 11/03/2009 6:58:54 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
"... We just fight back when they make proposals to lay people off."

A-HAAAAHahahahaaaa! TIME is fighting for it's life, and the Union is fighting for it to die faster. The Titanic sank in 2 hours, 40 minutes. These guys would be fighting to keep people off the lifeboats while refusing to secure watertight doors knowing it'd sink faster!

17 posted on 11/03/2009 7:00:05 PM PST by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: abb
"The guillotine has begun its descent at Time Inc. Sources at the publishing company (which is part of the same conglomerate as DailyFinance parent AOL) say executives have asked for an emergency meeting with representatives of the Newspaper Guild to discuss job eliminations. A Time Inc. spokeswoman declined to comment, but John Shostrom, chairman of the company's Guild unit, said the meeting will take place "soon." He said it was Time Inc. that called the meeting."

I see, sounds serious. :^)
Well...what's The Guild have to say 'bout all this? Lessee...

"'They act, and we react,' said Shostrom. 'The Guild doesn't lay people off. We just fight back when they make proposals to lay people off.'"

Oh.
Sounds owly. LOL!!!!!!

abb?
Sure is some collection of broken clock .JPEGs ya got there.
How Timely. ;^) LOL!!!

18 posted on 11/04/2009 2:10:45 AM PST by Landru (Forget the pebble Grasshopper, just leave.)
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To: Landru

Profile of TIME

19 posted on 11/04/2009 2:15:09 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
HAAAAAAAAAAA!!!
Good GRIEF, the funniest one yet.
Lemme guess: In front of Time Inc?? LOL

{FYI: Laughed so loud my bride yelled up for me to shaddap!! That'll teach'er for putting chocolate syrup on my ice cream, but for that I'd be sleeping. LOL!!}

20 posted on 11/04/2009 2:24:39 AM PST by Landru (Forget the pebble Grasshopper, just leave.)
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To: Landru

That is a Salvador Dali sculpture titled “Profile of Time.”

http://en.wikipedia.org/wiki/The_Persistence_of_Memory


21 posted on 11/04/2009 2:29:09 AM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: abb
"That is a Salvador Dali sculpture titled 'Profile of Time'."

Was Salvador Dali prescient, or what. LOL

My bride has some perfume by the guy, the bottles are ahhhhh different? ;^)

22 posted on 11/04/2009 2:41:29 AM PST by Landru (Forget the pebble Grasshopper, just leave.)
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