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AP source: Time Inc. to announce layoffs next week

By ANDREW VANACORE
,
AP
posted: 102 DAYS 11 HOURS AGO
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NEW YORK -The publisher of People, Sports Illustrated and 20 other magazines plans to announce more layoffs next week as the advertising slump continues to weigh on the magazine industry, according to a person with knowledge of the plans.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-30 16:49:25
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The publisher of People, Sports Illustrated and 20 other magazines plans to announce more layoffs next week as the advertising slump continues to weigh on the magazine industry, according to a person with knowledge of the plans.