Times Inc to Join Ranks in Layoffs

By Alicia Cruz

Editor-in-Chief

Theblackurbantimes

Time Inc., a Time Warner company, owns 22 U.S. magazines and more than 25 U.S. Web sites, including online, television, cable, satellite radio and mobile devices. Last year the company cut 600 staffers and this year they will cut approximately $100 million in annual costs, primarily through additional layoffs.

The formal announcement is expected next week, in conjunction with Time Inc.'s third quarter earnings call.

As reported last week, Forbes joined the ranks in company layoffs, but the cuts may be deeper than first reported. When the dust settles, almost 60 of the magazine's 200 editorial staffers will be pink slipped. A partial list includes London bureau chief Anita Raghavan, fashion and retail reporter Lauren Sherman, and deputy chief of reporters Andy Stone.

ForbesLife loses its top editor, Gary Walther, who will be replaced by deputy Richard Nalley.
According to the New York Observer's John Koblin, who got his hands on a copy of the NYT buyout plan, the media print mogul New York Times is set to lay off as many as 50 of its Metro reporters, 57 sports reporters, and 85 personnel in business.

After five months on the job, the New York Observer's new editor Tom McGeveran will leave on December 31 to start a new business venture. McGeveran took over the paper when Peter Kaplan departed in May.
On lighter notes, the Wall Street Journal rises above as one of the few papers showing growth, but will close its Boston bureau leaving nine personnel behind.

The Washington Post Company has reported a third-quarter profit. A 69 percent rise as compared with the same period last year.

The company's educaion and cable business grew when the paper cut losses and realigned itself.
And last but not least, one of my favorite writers, Emily Miller has landed a gossip column at PoliticsDaily.com (you go, chica!) titled "Emily's Post."

Be on the lookout for it.