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

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

19 hours ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

2 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

2 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

2 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

2 days ago

Upset CoinDesk staffers send letter to owner

Members of the CoinDesk editorial team have sent a letter to the CEO of its…

2 days ago