Jason Fell and Bill Mickey write on Folio’s web site that a decision on the future of Business 2.0 magazine could come from Time Inc. next week. — a statement that the company denies.
Fell and Mickey wrote, “What will become of Business 2.0? Time Inc. apparently is considering a number of options, including folding it into sister publication Fortune, converting it into an online-only product, or selling it. A Time Inc. spokesperson declined to comment, other than to say that the company ‘absolutely will not’ be making a decision about the magazine by next week.
“Meanwhile, a number of Business 2.0 staffers have already found other employment and are hoping to collect severance packages before moving on, says the well-placed source. (Gawker Media Silicon Valley gossip site Valleywag reports that a magazine logo near the magazineâ€™s entrance has been altered to read: ‘Fortune 2.0.’)
“‘I donâ€™t think anyone is pessimistic,’ the source says. ‘I think people just want to be done with it. If it ends up being closed down everyone has pretty much gotten a nice soft landing, and if itâ€™s going to be sold â€¦ they would love to hear the terms and if anyone here is going to be wanted by the new owner.'”
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