TIME's ill fortune - SI, Fortune to take big hits (Dinosaur Media DeathWatch™)

New York Post ^ | November 5, 2009 | Keith J. Kelley

[abb]

Fortune and Sports Illustrated will be the hardest hit magazines in the mass layoffs that just began at Time Inc.

About 40 people will be laid off from Fortune, with Managing Editor Andy Serwer looking to cut roughly 24 from the 80-strong edit staff, insiders said.

Although he didn't reveal numbers, in an e-mail to staffers yesterday Serwer asked for volunteers by Nov. 18. Fortune had already said that starting next year it will go from 25 issues to 18.

SI will be making similar reductions, a source said.

Time Inc. is expected to eventually cut just over 500 jobs. As its parent company, Time Warner, reported that AOL and the magazine unit were the biggest drags on third-quarter results, Time Inc. got the ball rolling on cuts, letting go at least 50 staffers in New York.

Sports Illustrated axed about 15 to 20 people from the business and marketing side on Tuesday night, and Group Editor Terry McDonell is expected to ask for volunteers as well.

Yesterday, Time magazine Managing Editor Rick Stengel told staffers he is looking for about 12 editorial volunteers to step forward or he will be forced to make cuts.

The company also folded Fortune Small Business, a spinoff that had landed in Time Inc.'s custom publishing group and had only one full-timer.

Even People, Time Inc.'s most profitable magazine, is looking to slice at least eight on the edit side.

Time Warner CEO Jeff Bewkes said he expects to take a $100 million charge for the restructuring costs in the magazine division.

The company reported lower third-quarter earnings primarily because strong showings by the networks were not enough to offset declines in its two troubled wings, AOL and Time Inc.

snip

[abb]

TIME

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

[abb]

ping

[abb]

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=116809
Time Warner: More Layoffs, ‘Fortune Small Business’ Shuttered

http://www.latimes.com/entertainment/news/la-et-cnn5-2009nov05,0,5188962.story
CNN downplays ratings slump

[workerbee]

Yesterday, Time magazine Managing Editor Rick Stengel told staffers he is looking for about 12 editorial volunteers to step forward or he will be forced to make cuts.

Well, gee, unpaid service is the rallying cry these days. I'm sure these folks will be lining up to work for nothing. C'mon, Time Magazine, show the rest of us how it's done.

[libsrscum]

I hope they don’t cut the swimsuit issue...

[abb]

http://www.guardian.co.uk/media/2009/nov/05/murdoch-online-news-charge-delay
Murdoch admits delay in introducing newspaper website charges

http://www.deadline.com/hollywood/mpaa-betrays-theaters-asks-fcc-to-let-studios-transmit-first-run-films-directly-to-consumers/
MPAA BETRAYS THEATERS: Asks FCC To Let Studios Transmit First-Run Films Directly To Consumers

[KarlInOhio]

I hope they don’t cut the swimsuit issue...

Maybe the fabric budget will be cut.

[equalitybeforethelaw]

I can’t remember when I last read a SI. Geez, I must have been 13 or 14. I am now 53. Once again, the department store approach to jounalism loses out to the specialty store. For me, I only wanted to read about football, and NFL football in particular. All those articles on olympics, baseball, basketball, etc. were a bore. Same thing has happened with TV shows.

[hoosier hick]

I’ve never been an SI fan, preferring Sporting News instead. Sporting News has spent the last 10 years or so trying to morph into SI. They promised me a couple years ago that they would start back to the way they used to be once Paul Allen took over. Instead, they have become a People magazine focused on sports. My 30-year subscription will lapse next May....

hh

[abb]

http://www.magazinedeathpool.com/
The Advocate and Fortune Small Business: RIP November 2009

http://cancelthebee.blogspot.com/
Two more layoffs in Myrtle Beach

[mrsmel]

People magazine? Somebody still reads that rag?

[abb]

I’m not a big sports fan. I’ll watch part of an NFL game here and there and tune in a few moments of the LSU game on Saturday night to see how it’s going.

But I am a political/news junkie. And I don’t subscribe to magazines and newspapers any more. Last week’s news yesterday is all they have. If someone wants to be up to speed on those subjects they have to be internet savy and know which discussion/news groups to haunt.

The same for a real sports fan. Why bother with a newspaper that does a story about a game that was played yesterday? A real sports fan is live-blogging or is involved in a real-time chat while the game is being played.

And the other point is columnists and sportswriters are no more knowledgeable about sports than regular fans. Just like political/news commentators are usually dumber than any FReeper I know.

[Oldexpat]

Time, SI and Fortune all turned into clones of People..little did they realize that real people don’t read People.

[equalitybeforethelaw]

You know if universal healthcare becomes law, how will all these magazines publishers find subscribers? The only time I read any of this trash is when I am in a Doctor’s waiting room. You think Doctor’s will cut subscribtions when they are forced to operate at half their current costs?

[abb]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBG5bq698u6g
Hollywood First-Run Movie Plan for Cable TV Gets Look From FCC

http://www.mediaweek.com/mw/content_display/news/digital-downloads/broadband/e3i5262a3b026dcf171e87584969c751ee4
ABC Site to Add ‘Social’ Tool for Online Video

[mrsmel]

That’s another reason I love the iPhone. I can download books anytime and read them on the phone anywhere. I’m not at the mercy of whatever trash is in the waiting room. (Well I never was really, I always brought a book with me :) )

[Milhous]

Dude, I know how you like your Time memorabilia. Last night, while looking for cheap entertainment on Internet Archive a Burns and Allen episode caught my eye



embedded with these keywords: I hate you Time Magazine; Better than MTV;

Presumably the first phrase gets mentioned in the dialog.

[abb]

Out Of TIME

[abb]

http://theithacan.org/am/publish/news/200911_Huffington_presents_ideas_on_future_of_journalism.shtml
Huffington presents ideas on future of journalism

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004035373
Murdoch to Delay Charging for His Newspaper Sites?

[Landru]

"People magazine? Somebody still reads that rag?"

Behold the Republic's priorities, MrsM. LOL

[Landru]

Your morning "Good News" segments keep getting better & better, my friend. LOL!!

Methinks my personal Diogenes-esque search for 'a' honest man has been solved. ;^) LOL

[thefactor]

i used to subscribe to magazines.

now MAYBE i buy one when i am waiting for a flight or something. they are dying.

[The South Texan]

SI lost me when they started getting into politics.... and most of it was liberal garbage like their Global Warming issue.

[thulldud]

now MAYBE i buy one when i am waiting for a flight or something. they are dying.

That's what iPods are for. (And books.)

[thefactor]

i usually buy something mindless while i'm listening to my ipod.

something like the Robb Report so i can drool on the pretty pics of cars.

[N. Theknow]

I hope they don’t cut the swimsuit issue...

Maybe the fabric budget will be cut.

I volunteer to manage the fabric "wardrobe"

[mrsmel]

True. Stupid question on my part, considering the popularity of reality teevee, MTV, etc. I bet there would be a paradigm shift in this country if everybody got rid of their televisions. But people are as addicted to their idiot boxes as a druggie is to his meth.

[abb]

http://cincinnati.bizjournals.com/cincinnati/stories/2009/11/02/daily47.html?ana=yfcpc
E.W. Scripps stays in red for 3Q

[OrangeHoof]

I hope they don’t cut the swimsuit issue...

The less swimsuit, the better ;-P

[Landru]

"True. Stupid question on my part..."

YOU??
*Stupid*??

Hardly. You're one of the better thinkers left on this wonderful forum, my friend. Really.
I know. May not be one of the *elite*, myself.
But sure know one when I see one, too. ;^)
"Rhetorical" is a much better word, huh. LOL

I mean, really. Hard to believe even 10% of the garbage people *pay* for --myself included-- is literally poison to the very soul, *if* one's not careful. Example: Try to pursued someone close to you (w/ a hard left-leaning head & tunnel vision) to *try* a teaspoon full of Drano. Get a can, pop the lid & spoon 'em up some.

They'll instantly reel in horror, question your sanity. Maybe call you names you didn't know existed badabada. And rightly so, on face value.

Then follow up your question --after they've calmed down, of course :o)-- "Why they'd think nothing of feeding their *mind* something that'll kill them just as sure as any poison out there ever could?"
Works just about every time because they'll ideally ask you to explain. *That's* your chance.

They might not get-it straight away; but, they're going to think *reallllllll* hard, too. Their silence will *be* your victory...moral or otherwise.

"...considering the popularity of reality teevee, MTV, etc. I bet there would be a paradigm shift in this country if everybody got rid of their televisions."

Either a shift; or, an awful lot of mighty lost human beings.
Our dear friend & Allie, abb, tries sounding the clarion call with each & every one of his postings on these, the DMDW threads, concerning the disseminators of poison Makes his threads, and effort(s) among the most important on the forum, hands-down. ;^)

"But people are as addicted to their idiot boxes as a druggie is to his meth."

Yes.
Lending an entirely new meaning to, "Get a life", eh? LOL :^),

[abb]

http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1004033403
‘Staten Island Advance’ Buyout Seeks 40 Takers

http://www.marginalrevolution.com/marginalrevolution/2009/11/how-to-save-the-new-york-times.html
How to save The New York Times?

http://www.politico.com/blogs/michaelcalderone/1109/Tuckers_hiring_for_new_site_.html?showall
Tucker’s hiring for new site

http://www.vcstar.com/news/2009/nov/01/pressing-forward-at-ventura-high-school-goes/
Foothill High’s journalism school goes paperless