But-but-but "Time Magazine" assured me Obama's economic policies had made it all better:
The Wall Street Journal said that around 500 people will be cut from the world's largest magazine company -- home to Time, Sports Illustrated and People, among others -- though other outlets said the numbers could reach as high as 700. That means that the roughly 8,000-strong workforce would be cut by between 6 and 8 percent.
Time Inc. is reportedly seeking around $100 million in savings from the cuts. Ad sales and publishing and subscription revenues have all declined. New CEO Laura Lang has been tasked with righting the ship.