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Cuts at Time Inc.; President of NBC News Steps Down
February 1, 2013
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The cuts come to Time Inc. Executives will lay off roughly six percent of the workforce, according to a memo circulated by CEO Laura Lang. The reason for the layoffs, which are similar in size and scope to ones in 2008, is simple: Advertising and newsstand sales continue to fall. It's all about the future. "With the significant and ongoing changes in our industry, we must continue to transform our company into one that is leaner, more nimble and more innately multi-platform," Lang wrote. "To make this ...
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