Categories: OLD Media Moves

Fortune hit hard by Time Inc. cuts

Keith Kelly of the New York Post reports that the biggest layoffs at Time Inc. will come from Fortune magazine.

Kelly writes, “Fortune is going to be the hardest hit magazine in the Time Inc. mass downsizing that began today, the Post has learned.

“Fortune will lose about 40 people, including about two dozen from its 80 person editorial staff, sources say. The magazine had already said it was chopping its frequency from 25 issues to 18 issues a year in 2010.

“Time magazine is the next hardest hit in the corporation, with about two dozen expected to leave in the coming weeks.”

Read more here.

Earlier in the day, it was disclosed that Fortune Small Business would cease publication. Stephanie Clifford of the New York Times reports that 11 staffers at that publication will lose their jobs, not the one earlier reported.

View Comments

  • And Fortune just sent me a reply card to renew my subscription-- same price, for fewer editions and less information. Uh, no.

Recent Posts

The evolution of the WSJ beyond finance

Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…

11 hours ago

Silicon Valley Biz Journal seeks a reporter

This position will be Hybrid in the office/market 3 days per week, and those days…

11 hours ago

Economist’s Bennet, WSJ’s Morrow receive awards

The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…

18 hours ago

WSJ is testing AI-generated article summaries

The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…

20 hours ago

Cohen joining Bloomberg Tax

Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…

20 hours ago

Avila named interim editor for Automotive Dive

Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…

20 hours ago