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Posts Tagged ‘Laura Lang’

Time Inc. Prepares For Layoffs

According to Adweek, staffers at Time Inc. are awaiting news regarding layoffs. And as per a recent memo, bleak news was announced regarding bonuses.

Apparently Laura Lang, CEO, indicated in a memo that the typical three percent merit increase for employees will be eliminated.

Layoffs have unfortunately been in Time Inc.’s history the past few years. Since 2008, as per the piece, they had a reduction in force of more than 1,000 employees. Looming layoffs are anticipated to be in the hundreds as a result of continuous declines in revenue.

Although the memo indicated the company gained ad market share and outperformed the industry, the past year it lacked a chief consumer marketer. Stay tuned…

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14 Media Women Comprise Forbes’ List of World’s 100 Most Powerful Women List

When Forbes releases their annual rankings, people listen so their latest list is no different.

Their World’s 100 Most Powerful Women list was released and out of the 100 names, 14 women are in media. Congrats to the power women!

Jill Abramson (No. 5) – Executive Editor, The New York Times, U.S.

Anne Sweeney (No. 22) -  Co-Chair, Disney Media Networks, and President, Disney/ABC Television Group, U.S.

Diane Sawyer (No. 23) – News Anchor, ABC News, U.S.

Arianna Huffington (No. 29) – Editor-in-Chief, AOL Huffington Post, U.S.

Amy Pascal (No. 36) – Co-Chairman, Sony Pictures Entertainment, U.S.

Laura Lang (No. 44) – CEO, Time Inc., U.S.

Sue Naegle (No. 46) – President,  HBO Entertainment, U.S.

Anna Wintour (No. 51) – Editor-in-Chief, Vogue, U.S.

Christiane Amanpour (No. 53) – News Anchor, CNN and ABC News, U.S.

Bonnie Hammer (No. 73) – Chairman, Cable Entertainment and Cable Studios, NBCUniversal, Comcast, U.S.

Tina Brown (No. 77) – Editor-in-Chief, Newsweek, The Daily Beast, U.S.

Marjorie Scardino (No. 86) – CEO, Pearson, U.K.

Greta Van Susteren (No. 94) – Anchor, FOX News

Mindy Grossman (No. 96) – CEO, Home Shopping Network, U.S.

‘Entertainment Weekly’ Trims Staff

In March, the new CEO of Time Inc., Laura Lang, brought in consultants Bain & Co. to do what they do best — advise. According to Adweek, this created speculation layoffs may be iminent.

Although a representative for Entertainment Weekly says three recent cuts weren’t related to a mandate from that consulting project, the truth of the matter is, EW has trimmed its staff.

Three editorial staffers lost their positions recently. The rep indicated to Adweek the junior-level positions were eliminated and other staffers are absorbing their responsibilities.

Greg Giangrande Named EVP & Chief HR Officer at Time Inc.

Greg Giangrade has been appointed by Time Inc. as executive vice president and chief human resources officer.

According to the press release, the role will be effective April 30.

In this role, Mr. Giangrande will lead all aspects of Human Resources for the Company, including talent recruitment and development, compensation and benefits.  He will report to Time Inc. CEO Laura Lang.

In the press release, Lang stated, “Greg is one of the most highly-regarded executives in his field – he brings with him deep knowledge of the media business and considerable experience in recruiting, developing and engaging employees in our industry.”

As for his specific responsibilities, as per the release he’ll work closely with senior management regarding growth strategies, corporate culture, and maintaining a bench strength of talent, to name a few.

Also pointed out in the press release, most recently Giangrande worked as executive vice president, chief human resources officer at The Dow Jones Company/The Wall Street Journal.