Time Inc lays off 600
A sign of the economic times or a sign of the dying print media? Hard to say, but Times, Inc. is laying off 6% of its workforce which equals about 600 employees. Time Inc. owns over 24 national magazines and will re-organize those titles into three sections: news, lifestyle and entertainment. I was surprised at all the titles within the Time Inc. umbrella: Fortune, Money, Time, Sports Illustrated, Golf, Health, Essence, Real Simple, Cottage Living, Coastal Living, Southern Accents, Southern Living, Cooking Light, People, InStyle and Entertainment Weekly.
There's a lot of overlap there, if you ask me.