Advertising Age – MediaWorks – How Many? 289 Out at Time Inc.

Time Inc., the country’s largest magazine publisher, spent the morning telling hundreds of staffers their jobs were being eliminated — in its latest and largest yet round of staff cuts — for the company’s good.

“As you all know, the past year has been a time of transition at Time Inc.,” said Chairman-CEO Ann S. Moore in a midday memo to staff. “While we continue to invest in our core magazines, we are also focused on transforming our work force and broadening our digital capabilities in order to become a truly multiplatform publisher.