The name may change or it may not. The editorial control may shift. The plan is still influx. They really don’t know much yet, as apparent in this NY Times piece.
What was made clear is that no jobs are on the chopping block.
Man bites dog.
[UPDATE: Here's the memo Russ Stanton sent around the newsroom earlier today:]
By now you’ve likely heard that the company is rethinking the future of the Los Angeles Times Magazine, which has lost money for years and is on track to post another significant loss in 2008.
I have come to the reluctant conclusion that, even as a monthly, the
magazine is something we cannot afford to continue at a time of diminishing newsroom resources. So the editorial department will stop producing it after the July issue, and we’ll be looking to find jobs for the magazine staff within the paper.
At the same time, the company has been looking at possible ways to
continue to publish a magazine, but outside of the direction of the editorial department. The Los Angeles Times Media Group publishes several other titles outside of our newsroom, including Hoy, MetroMix and the Times Community Newspapers.
Contrary to reports, it is my understanding that the group has yet to
hire a staff for this publication, including an editor.
As a new business model for the magazine is developed, we have been in
discussions with David Hiller and Jack Klunder about ways to make clear that the magazine is being produced outside of our own newsroom. We want to make sure that the public — our readers and the subjects of the stories included — are not confused about who is producing the content of the magazine.
We expect to get more details about this arrangement soon, which we’ll
share with you.