There have been a lot of rumors swirling about the last few weeks about my old employer, Time Inc. Folks I talked with has said that approximately between 200 and 300 people would be laid off: it seems that the number is much higher. The New York Times reports Time Inc. Plans About 600 Layoffs.
One of the changes described by the article is that the publishing division of the “lifestyle” magazines will directly control the editorial content. Time Inc. had always had a principle of “Church and State” where the editorial and publishing divisions had strictly separated reporting lines. And while the editorial side lost some control of the company during the formation of Time Warner, the merger of Time Inc. and Warner Brothers, there was always a culture of editorial independence.
In addition, it’s notable that “the news and entertainment units will continue to report to John Huey.” At first glance, this appears that Huey’s responsibilities are continuing as usual, but as I just noted, the article states that the “lifestyle” magazines will not report to Huey.
From the outside, these might not seem like significant changes, but they may be the most significant change in Time Inc. since the creation of Time Warner. I’m hoping my friends at Time Inc. are doing okay.
The Times also reported on another significant media event today: Christian Science Paper Ends Daily Print Edition. This is one of the first national newspapers to switch to an all online format; I certainly don’t believe it will be the last.