This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to colleagues, clients or customers, use the Reprints tool at the top of any article or visit:

Back to Previous Page

 Mail    Print   Share Share

Revolving Door Newsletter: 10.30.09

Time Inc. Braces For Cuts; Boston Globe Publisher Resigns

October 30, 2009
Time Inc., the company that cut 600 staffers last year, will chop another $100 million in annual costs, primarily through layoffs. The formal announcement is expected on Wednesday, in conjunction with Time Inc.'s third quarter earnings call. As Ryan Tate points out, the $100 million figure represents just 2.7 percent of the company's overall revenue, so chances are good that additional moves are coming. Roughly 20 staffers at People could be among the first to go...