Endless Firings At Time Inc.

CEO Ann Moore: "You do layoffs, and I don't think you're ever done." Also, "magazine" is kind of a dirty word around the executive office:

We don't use the word "magazine" as much anymore. We're in the content business. Our Web sites are doing well, and we've got some profitable Web businesses.

The "content business," eh? Welcome to 1996, Ann Moore!

[Media Week]