The bad news just keeps coming out the New York Times building. Following yesterday's report that the City Section may be folded, and last week's salary rollbacks and layoffs, comes word that the Magazine is also set to suffer some cuts. Per the New York Observer:

The New York Times Magazine is also expected to organize budget cuts, though the paper's top editors are still in the earliest stages of figuring out how. One senior newsroom staffer said that the Magazine will likely have to cut its page count and adjust its freelance budgets in the near future. Two sources said any changes to the Magazine would not affect its publishing frequency.