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Revolving Door Newsletter: 10.31.08
Time Inc., Conde Slash StaffOctober 31, 2008
Happy Halloween, media world. Welcome to the increasingly scary landscape. It turns out the layoffs at Southern Progress were just the start of the bloodletting at Time Inc. CEO Ann Moore announced 600 more people would lose their jobs as the corporation reorganizes the 24 titles it publishes in the United States into three categories: news, lifestyle, and style and entertainment. When talking about the advertising climate, Moore said, "It was looking like 1931." No publications will be shuttered, yet... Conde Nast, two weeks removed from a hiring freeze, announced its most dramatic overhaul yet: a five percent reduction in payroll and expenses ...