Wednesday, January 30, 2013

The Decline of the Newsmagazine Continues

In class, there have been a few comments on the decline of print newsmagazines such as Time, Newsweek, and US News & World Report. According to the NYT's Media Decoder blog, things are only getting worse:

"In a memo to the staff, Laura Lang, chief executive of Time Inc., said that she planned to reduce the company’s worldwide staff of 8,000 employees by 6 percent, or about 480 employees. She said the cuts would extend beyond New York and expressed hope that they would help Time Inc. better make the transition to the digital world."
- Time Inc. to Reduce Global Staff by 6 Percent, January 30, 2013

Read more here.

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