MORE CUTS AT TIME INC?
According to AdAge, Ann S. Moore made a presentation at the quarterly management meeting on March 27 that left many wondering about future cuts.
The chairman-CEO of Time Inc told top managers that she is still looking at the portfolio of magazines so the company can focus on the titles best positioned for growth in print and online.
If anyone at Time Inc. needed to be concerned, they should be after reading this portion of a quote from the company spokeswoman:
“There are no plans to close down any magazines or sell any magazines,” the spokeswoman said. “That said, as part of good business practices, you are always looking at your portfolio. “
Translation: Looks like more job cuts and more magazine closures!
Source: (AdAge)
