It follows last year's restructuring which saw 6 per cent of the staff leaving(around 600 people.)
According to the FT
The cost cutting comes as Time Inc’ key business title, Fortune magazine, said it plans to cut its annual frequency by a quarter and will publish 18-times a year beginning in 2010, confirming a Wall Street Journal report. A Fortune spokesman said the business planned to invest more heavily in the reduced number of issues, with better paper quality.
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