Posted on 06/13/2017 6:06:12 PM PDT by davikkm
Media giant Time Inc. has announced it will lay off as many as 300 workers in an attempt to cut costs and restructure the company a move that CEO Richard Battista has described as difficult but necessary. The decision comes amidst falling levels of circulation of some of the companys key magazines such as Time, Fortune and Sports Illustrated.
As part of the savings, the company will now focus on investing in growing digital markets such as video and paid subscriptions.
We are taking a holistic approach to cost-structure re-engineering for the whole company, Battista told CNN. In commencing that work, we are looking for ways to be more efficient as a company and ways to find more cost savings.
(Excerpt) Read more at breitbart.com ...
I subscribed to Time Magazine about 30 years ago. When it dropped all pretense of being unbiased I dropped my subscription. Fortunately Al Gore invented the internet or so he said.
Bwaaaahahaaaaaa!
singing, with glee, “As TIME Goes By, By”.
At what price?
Back in 2010, Time's sister fakenewsweekly Newsweak sold for one dollar.
makes little sense.
These liberal media outlets continue to push their liberal crap even though their profits plummet.
It makes a lot of sense
They are getting kick back $$money from the DNC ,Soros, and other
Anti Americans, just need a little adjustment to their staff- until
Next year for the mid term elections
Sarc
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