Meredith plans to axe 1,200 jobs and sell Time, Fortune, Sports Illustrated

Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell flagship publication Time as well as Sports Illustrated, Fortune and Money after completing a review of the $1.8 billion deal.The company also intends to eliminate about 1,000 jobs over the next 10 months as it continues to integrate other Time publicationssuch as People, Entertainment Weekly and InStyleinto a lineup that includes Better Homes & Gardens and Family Circle, according to a statement Wednesday. The cuts would be on top of firing notices that have been given to 200 employees, the company said Wednesday.It previously had roughly 9,500 employees, including Time Inc. staffers. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2018-03-22 00:00:00 UTC ]

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Longtime Editor of Better Homes and Gardens Retiring

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[ The New York Times | 2015-06-04 00:00:00 UTC ]
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Would You Pay to Read Entertainment News Online? Time Inc. Sure Hopes So

Since Time Inc. became an indepedent publicly traded company last June, executives at the nation's large magazine publisher have tried to convince Wall Street investors that it's quickly transforming into a digital-first media company. It's certainly made strides, introducing video series,... Continue reading at Advertising Age

[ Advertising Age | 2015-05-29 00:00:00 UTC ]
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Leading America’s Newsrooms

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[ Editor & Publisher | 2015-04-30 00:00:00 UTC ]
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Forbes Puts Native Ad for Fidelity on Its (Actual) Cover

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[ Advertising Age | 2015-02-13 00:00:00 UTC ]
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Time Inc. Exec VP Todd Larsen Out in Executive Reshuffle

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[ Advertising Age | 2014-12-03 00:00:00 UTC ]
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Meredith’s Lacy Named MPA Chairman

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[ Folio Magazine | 2014-10-31 00:00:00 UTC ]
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Martha Stewart Hands Off Magazines' Business Operations to Meredith

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[ Advertising Age | 2014-10-16 00:00:00 UTC ]
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Time Inc. Seeks Power to Ship Edit Jobs Abroad, Newspaper Guild Alleges

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Kim Kelleher Named Publisher of Conde Nast's Wired

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[ Advertising Age | 2014-09-10 00:00:00 UTC ]
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Native-Ad Slayer John Oliver Visits Native-Ad Seller Hearst and Explains His Hit Piece

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