News Group Taking Most Of The Hits In Time Inc. Layoffs; 'Fortune Small Business' Closed
PaidContent Nov 04 09
Last year’s round of cuts at Time Inc. came with a major restructuring. The 2009 version is “more targeted” with most of the cuts now underway affecting the News group, Time Warner (NYSE: TWX) CEO Jeff Bewkes told analysts during the Q3 earnings call today that group includes Time, Sports Illustrated, Money and Fortune: “We’re aiming to increase the consumer utility at the same time as the financial sustainability of some of our key branding.”
One example would be reducing Fortune‘s frequency but “investing more in the quality . Full story...
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