magazines
A new round of layoffs is coming to
Time Inc. "in the very near future,"
sources tell the Post's Keith Kelly. But please don't worry about the top brass, departing magazine staff, because they're doing just fine. They've still got their
Caribbean retreats, you'll recall, and millions of dollars with which to
buy celebrity baby
pictures. And it looks like a surprise contract extension is in store for
Ann Moore, the Harvard MBA who saw online revenue grow 76 percent this year, even amid cost cutting. That's probably why she's got enough swagger to gab to the
Times of London about the "
two-year plan" she keeps right next the contract with 18 months left on it. According to Kelly, she's probably right to feel to secure enough to assume she'll get a renewed mandate:
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lonely at the top
Nary a kind word for
Time Inc. CEO
Ann Moore in
Keith Kelly's 1,200-word Sunday New York Post profile. Well, she has overseen the elimination of 1,000 jobs at the magazine in the last year, so you'd expect bits like this: "I think she's a one-trick pony," one 'former executive' told the
Post. Moore aims to make Time Inc. a leader of the digital age—so, her groundbreaking vision for the future? "Page views plus minutes spent will be the new gold standard." Eureka! Time Inc. editor-in-chief
John Huey's take? "I wouldn't be the best judge of morale today, [
Ed. You don't say!] but I sense that we're on the comeback trail." Here's a better judge of morale: "Remember, the layoffs may not be over," warns Keith.
life
So
Life magazine, which seems to have had nine of them, has once more shuffled off this mortal coil.
Time Inc. CEO
Ann Moore's barely-moved farewell to the mag follows. For more information about 'Life' magazine, ask your great-grandparents.
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ann moore
Has
Time Inc. chair
Ann Moore moved up the date on her "three year plan for laying" herself off? Quite possibly not! But we're hearing vaguely credible rumors that she might be gone by the end of the week. If you've heard anything,
drop us a line. Maybe she's just really busy helping out on the redesign.
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time
It's not just "Best of" week at
New York. There's also a remarkably detailed
report on Time magazine from Joe Hagan. If it's news to you that
Time is in trouble you might want to read the whole thing; if not, we've distilled it to make note of the internecine power struggles and personal agendas that occasionally make a story like this worth reading. After the jump, your pre-chewed profile.
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ann moore
Time Inc. CEO
Ann Moore to
BusinessWeek's Jon Fine:
I am only here for another three years. I am going to be known for transforming Time Inc. For diversifying Time Inc. And I am going to be the person who leads the transformation, to make sure we are around for another 80 years.
We can think of a couple of other things she'll be remembered for. Fine, on the other hand, wonders if Moore is more victim than villain: her ascent occurred at the same time as the slow death of print began, Time Warner had plenty of other troubles, and, you know, that whole
canning everybody thing. The piece ends with this assessment: "At a January conference where she promoted Time's digital initiatives, she conceded 'it will be hard work to balance print loss with online gains.' Trembling on that knife edge is the fate of her career." We wouldn't be too worried, then. If anyone knows how to handle a knife, it's Ann Moore.
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time inc.
If you can stand another memo on the
Time Inc. layoffs, we've got one. This one comes from the Newspaper Guild, and it gives a pretty good look at what Time Inc. wants its "volunteers" to walk away from. Those numbers after the jump.
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