Magazine publisher Time Inc. will lay off staff

NEW YORK — Time Inc., a major magazine company that publishes People, Sports Illustrated and Real Simple, will cut jobs as part of a restructuring to reduce costs and centralize the company's business units.
Ann Moore, the company's chief executive, told employees in a memo late Tuesday that the company would organize itself into three business units effective Wednesday as it faces sharp drops in advertising spending, which are expected to last through most of next year. More... Discount Magazine Subscriptions