Gotta get backing, Time
September 5, 2014 3:22 AM Subscribe
...while [Time Inc.] claims that none of its titles lose money, it has seen earnings fall by nearly 65 percent since 2006. The number of advertising pages in the flagship Time has dwindled by 50 percent over the past five years. Even People is sputtering: Newsstand sales slid 12 percent last year, and the news budget has been cut in half. Layoffs have become an annual rite. In the past four years, Time Inc. has churned through three CEOs and endured nine months during which there was no single executive running the company.New York Magazine on Time Inc., the split from Time Warner, native advertising and the company's attempts at digital media.
The Gawker piece about the relationship between Time writers and advertisers, referenced but not linked in the NYMag article.
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