TIME Magazine -- U.S. Edition -- September 16, 2013 Vol. 182 No. 12
In the USA they carry his water, abroad they cater to anti Americans
In the USA they carry his water, abroad they cater to anti Americans
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TIME Magazine -- U.S. Edition -- September 16, 2013 Vol. 182 No. 12
In the USA they carry his water, abroad they cater to anti Americans
TIME Magazine -- U.S. Edition -- September 16, 2013 Vol. 182 No. 12
In the USA they carry his water, abroad they cater to anti Americans
Time Inc. has had quite a lot of trouble with its magazine empire. According to The Wall Street Journal the magazine division’s “revenue fell 7% to $3.4 billion and operating income declined 25% to $420 million because of lower advertising and subscription revenues.” The Journal went on to note that there are plans afoot to “cut the workforce by 6% in a bid to cut costs, leading to a $60 million restructuring charge in the first quarter.”
So, why would Time Warner want to keep Time magazine at all if it is losing so much money? Imagine the public relations hit Time Warner would take if it lost its flagship property. This seems like a calculated loss as opposed to a sensible business decision.