As The Wall Street Journal pointed out today, the deal comes at an ideal time for Time, which lost 26 percent of its advertising revenue — its main source of income — during the first nine months of 2009, compared to a year earlier.

Time plans to incorporate StyleFeeder into its fashion magazine InStyle‘s Web site, allowing its e-commerce technology to power shopping on the site. Said Fran Hauser, president of digital for Time’s Style & Entertainment Group:

“This is a strategic step in building on our digital success. Our brands reach millions of consumers through our websites, social media and mobile products. StyleFeeder’s e-commerce technology will open the door to new transactional revenue streams and give the InStyle community an experience they can’t find anywhere else online.”

The acquisition also comes after a difficult period for Time Inc. In response to falling revenues, the magazine publisher cut staff through buyouts and layoffs this fall, and shuttered publications including InStyle Weddings.

Full release about the StyleFeeder acquisition after the jump

Time to Acquire StyleFeeder –Wall Street Journal

Previously: Time Inc. Shutters InStyle Weddings

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Yesterday, we reported on news that Condé Nast was considering licensing partnerships as a way to create additional revenue streams. Despite skepticism over Condé boss Si Newhouse‘s interest in such plans, it looks like these sorts of deals are not that far away.

This week, two Condé Nast titles are rolling out new partnerships with two e-commerce sites, WWD reports today.

Shopping magazine Lucky will unveil its pairing with theOutnet.com, Net-a-porter’s outlet site, on Friday, with a new series of flash sales exclusively with the title. The sales, promoted on luckymag.com and in Lucky‘s February issue, will be accessible to Lucky newsletter subscribers only. The sales will feature discounted items available for a limited time, whose prices decrease as the clock counts down.

Additionally, fashion bible Vogue has paired with members-only e-commerce site Gilt Groupe to offer ready-to-wear looks under $500, based on the magazine’s “Steal of the Month” page. The sale, which runs through January 18, even includes links to photos and stories on Vogue.com and a place to subscribe to the magazine.

For these two titles, these partnerships seem like natural extension of the brands, providing Condé with extra cash while not diluting the brand. In return, these e-commerce sites get publicity in national magazines, the opportunity for new customers and a way to set them apart from their competitors. Seems like win-win. And we’d much rather see pubs trying to make money this way rather than starting a wine club. Maybe they’ll even try launching their own e-commerce sites, like DailyCandy did last year with Swirl.

Read More: Vogue and Lucky Launch Partnerships –WWD

Previously: How To Lose Your Brand Identity And Influence Consumers: A Condé Story

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We confirmed that market editors in Atlanta, Boston, Dallas, Philadelphia, Seattle and Washington, D.C. had been let go. Miami is also losing its editor, Brooke Siegel, who is moving back to New York to work from DailyCandy HQ, along with promotions editor Dan Murphy. But that doesn’t mean the company is discontinuing distribution of its newsletters in those cities.

Starting next year, subscribers in these markets will receive “DailyCandy Everywhere” newsletters four times a week along with city-specific events-focused newsletters on Thursday — called “The Weekend Guide” — and Sunday. The Sunday letter will be a new addition to the DailyCandy family that we hear the company is close to announcing soon. To maintain this popular events coverage, DailyCandy will be maintaining contributing editors in these markets, which may end up being the editors who were just let go.

Meanwhile, newsletters in DailyCandy’s five other markets, New York, Chicago, London, Los Angeles and San Francisco, will continue to get city-focused newsletters five days a week as well as, presumably, the Sunday edition when it launches.

Read more: DailyCandy Sours on Most of Its Cities –Gawker

DailyCandy Cutting Back Local Editions

Previously: DailyCandy Tries E-Commerce With Swirl

New Career Opportunities Daily: The best jobs in media.

Following the model of sites like Gilt Groupe, Swirl has one unique feature: it’s curated by DailyCandy’s editors. Explained the company:

“Since most sample sale sites replicate the same random experience a traditional outlet store or offline sample sale offers, DailyCandy’s trusted editorial eye will lend much-needed credibility to the category.”

And the site, led by former DailyCandy editor in chief Eve Epstein, is offering special deals to DailyCandy subscribers. Not only do they get early access to the beta version before its official launch in January, subscribers will get other perks like special sales, one-time discounts or deals on shipping. Swirl will also be “editorially integrated” into DailyCandy’s daily emails.

With so many of these exclusive, members-only sample sale sites popping up, Swirl might just get lost in the mix. But we have a feeling loyal DailyCandy readers will be intrigued enough to check it out. Will you?

Earlier: DailyCandy’s Levy: CEO’s Exit Won’t Stop Growth

New Career Opportunities Daily: The best jobs in media.

So we called DC’s founder and editorial director Dany Levy and asked if the story was true. Levy said that Sheinbaum, who has worked for DailyCandy since 2000, had been splitting his time between New York and Boulder, Colo., where he lives with his family. Ultimately, he decided he wanted to spend more time with his family, Levy said.

“He will be sorely missed,” she added. “He’s been a tremendous asset to DailyCandy from the beginning.”

But Sheinbaum’s decision to leave couldn’t have come at a better time.

“The company is really so solid right now, he felt that it was the right time,” Levy explained. “He has done a tremendous job of setting things up and hiring a staff of people who will be able to carry on with the business.”

Sheinbaum is leaving DailyCandy in such good hands that Levy and chief operating officer Catherine Levene are in no rush to find a replacement. Instead, they will be concentrating on the company’s plans to expand in the coming year.

> Update: We spoke to Sheinbaum who said he has no immediate plans to join another company right away. However, after taking a break for a couple months, he’s looking to get involved in another Web start up.

“I felt that after a nice smooth transition to our new owners over the past 7 or 8 months, it was time for me to think about new challenges, new opportunities,” he said of leaving DailyCandy. “There is a tremendous depth of talent, creativity and spirit [at DailyCandy] and I am going to absolutely miss them with all of my being.”

After the jump, Levy talks about working for Comcast.

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