Posted on 01/31/2006 6:23:26 AM PST by Liz
Time Inc. is roiling with another round of cutbacks, with Time magazine and Sports Illustrated hit hard. Some 66 Time Inc. staffers have been handed pink slips at the nation's largest magazine publisher.
So far, 40 business-side workers and about 26 editorial employees were axed or will be axed within the next day, according to a source.
Sports Illustrated Managing Editor Terry McDonell is expected to seek seven voluntary buyouts from his staff.
The latest cutbacks had been widely telegraphed after Time CEO Ann Moore unveiled a sweeping pre-Christmas bloodbath that chopped 105 people from the payroll, including Executive Vice Presidents Jack Haire and Richard Atkinson and Time magazine President Eileen Naughton.
"It's not just about cost cutting — it's about moving human and financial resources to high-growth areas. It's another step in our restructuring." The cutbacks are not expected to end here. The company is trying to shave about $100 million in costs in the current year.
(Excerpt) Read more at nypost.com ...
Can you say
"Would you like fries with that?"
I knew you could
I don't buy either.
SI is a valid sports voice.....that's it. Time has no reason for being in the news world.
Yeah, Sure...whatever!
You would think a business as large as Time Inc. could figure that out.
I'm pretty sure they would rather go out of business being liberal than clean up their act and survive.
Come on down, Time Inc.! There's plenty more room in the Labrea Tarpit.
"All these cutbacks... And nobody will even notice a difference in the
quality of these publications..."
For the most part, true.
But I do occassionally do some "opposition research" and have noticed a few
of the publications at least (FINALLY) trying to be even-handed.
But too often the results are just "ham-handed" and an obvious appeal to
bring back readers in the middle to middle-right of the political spectrum.
You can almost smell the fear at some of these old school MSM outlets.
Great news. Fire the AK 47's and hand out sweets.
See ya later, Old Media.
I hope they all maintain that attitude. Sooner or later it will trickle down to the "pretend journalism" schools and they will be forced to fire the the nitwit profs and they can join their fellow propagandists in the unemployment lines or become social workers and "change the world" one recipient at a time.
They'll eventually have to break down and allow Wal-Mart to build in NYC so these people can actually reach the "high-growth areas." There are certainly no such "areas" in liberal publishing.
I love to see liberals eat humble pie.
You can make money off subscriptions or you can make money off advertising. Rarely can you do both.
I liked that line, too.
I agree with you.
But I will miss the moments of joy I felt when catching them editorializing
in the middle of "reporting the news".
And the warm rushes of "shadenfreude" when they'd get publically exposed.
I'll miss them for that. But that will be the only reason!
Interesting. Which ones come to mind, if you don't mind?
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