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Time Magazine Cuts 250, Closes Bureaus

From a similarly fated New York Times:

Time Inc. Lays Off More Than 250


January 18, 2007

Time Inc. began laying off more than 250 people today at its top magazines, including its most profitable title, People, which said it was shutting down its Washington, Miami and Chicago bureaus entirely.

Employees in those bureaus said they were “shell-shocked,” as the news was delivered by speakerphone from New York by Larry Hackett, People’s managing editor.

The news “was not sugar-coated,” one employee said. A total of about 15 people work in the three bureaus; the cuts take effect Feb. 1.

Other layoffs were being announced this morning at each of Time Inc.’s magazines, and were likely to amount to about 2 percent of the company’s worldwide staff of 11,000.

Time, the flagship magazine, was poised to lose about 70 people, and Sports Illustrated was expecting several losses as well.

The layoffs and cost-cutting comes as Time Inc., the nation’s biggest publisher, seeks to expand its branded properties on the Web, where the company sees its future.

“These layoffs are part of the necessary restructuring of our business as we continue to transform into a multi-platform publisher,” the company said in a statement. They “are focused on increasing efficiencies and allowing for closer collaboration between our digital and print businesses.”

Of course there are other explanations, but their total loss of any objectivity must be a major factor to their decline.

Most people don’t like propaganda. Let alone paying for it.

Maybe the mainstream media should try a little diversity in their viewpoint.

Wouldn’t that be a refreshing change?

This article was posted by Steve on Thursday, January 18th, 2007. Comments are currently closed.

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