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 company’s 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 ...
Time magazine hasn’t even been worth using as butt-wipe for at least the last 30 years!
Americans tired of paying money to be urinated on. Film at 11. See also: Marvel Comics, though the loutish stars of the Avengers can say what they want and suffer no loss in ticket revenue.
>>As part of the savings, the company will now focus on investing in growing digital markets such as video and paid subscriptions.<<
People pay to have garbage removed.
No one pays to have garbage delivered.
LOL!
Good for them.
Its about time this liberal piece of propaganda failed.
Only 300? Fudge.
I wish a conservative billionaire would buy them. Sort of like Bezos has done with the Washington Post and Carlo Sim has done with the NYT.
I bet they would stay in business if they weren’t extremist left.
Time? Is that like Look magazine?
I have always had the philsophy that one should improve our surroundings in life whenever we can. By using Time as an ass wipe you are actually improving the content of the lib rag.
This rag has lasted way beyond their expiration date. No one needs a skinny mag loaded with Leftist crap. They will not be missed when the last issue is published.
Here’s hoping the rest of the Ministry of Propaganda is suffering likewise.
Amen Brother Amen! I quit Time in the early-mid 1980’s.
Couldn’t take the Bravo Sierra anymore.
Nobody would do that if a corncob is available to use instead.
Gee that’s too bad :)
We conservatives are REALLY making ourselves count lately.
Got Trump in. Knocked Target to the gutter. Made Budweiser drops its gay marriage ads.
Getting folks supporting the Julius Caesar garbage to back off.
Destroyed Kathy Griffin.
Good :)
I never really understood how that corncob thing was supposed to work. Then again, maybe I really don’t want to know...
Try writing the truth, it’s a novel concept that nobody else is doing.
Good riddance to them.
It is time for “Time” to expire.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.