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Revolving Door Newsletter: 01.30.06
More Axes at Time, New Life in the HomeJanuary 31, 2006
Can anyone out there pinpoint the moment that Time Inc. was, sorry to say, over? The once and future titan of magazine publishing (someone once told us that People magazine, alone, has higher profits than the Condé Nast and Hearst empires put together) nonetheless tarnished its reputation somewhere along the way as the ultimate career destination for all the Ivy-educated meritocrats in the business. (Our guess would be January 10, 2000, the moment the AOL-TW merger was announced.) Yesterday brought word of a second round of layoffs in less than two months. As many as another hundred employees will soon ...