Tough
Road Ahead as
Time Inc. Begins Life as an
Independent Company
Starting Monday, investors finally have a way to invest in the future of magazines. The important question: will anyone want to?
Time
Inc. Begins trading on Monday as an
Independent company, having been spun off from its former parent company,
Time Warner.
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The near future for much of the
Company is uncertain, particularly after
the New York Times reported that Chief Executive Joe Ripp is looking to make cuts that could end up totaling 25% of the editorial budget
In February, news broke that
Time Inc. would be laying off
around 500 staffers. It was **t immediately clear if the 25% would be in addition to those cuts.
Time Inc did **t respond to request for comment.
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