Time, Inc., which publishes such magazines as People, Entertainment Weekly, Time and In Style, is really feeling the pinch. In a drastic cost-cutting effort, the company is firing 600 of its employees.
The company outlined the overhaul on Tuesday evening in a memorandum to employees after The New York Times revealed the cuts on its Web site. The layoffs will begin in about two weeks.
No magazines are scheduled to close, but some are likely to be severely cut back. Ann S. Moore, Time Inc.’s chairman and chief executive, was already planning an overhaul because of the upheavals in print media, but she was forced to speed up those efforts amid the financial crisis and looming recession.
Time Inc.’s 24 magazines in the United States and their Web sites will be organized into three divisions: news, which will include Fortune, Money, Time and Sports Illustrated; lifestyle titles, which include Real Simple, Cottage Living, Coastal Living and Southern Living, among others; and style and entertainment, which includes People, InStyle and Entertainment Weekly, which has suffered a severe downturn and is likely to be whittled down under the new structure.
Maybe they shouldn’t have been paying MILLIONS of dollars for celebrity baby photos?
She fills two converted bedrooms with clothes — one for casual and a second for glam — and staying organized worked for singer Fergie who on Wednesday made People magazine’s 2008 list of best dressed women.
“I don’t like to throw anything away,” Fergie said about the clothes in her “closets” for People’s widely-watched Best & Worst Dressed 2008 issue that hits newsstands this Friday.
Joining Fergie, whose hits include “Glamorous,” in the top 10 list were actresses Kate Hudson, Anne Hathaway, Gwyneth Paltrow, Charlize Theron, Eva Mendes, and Sarah Jessica Parker. Singer Rihanna and supermodel Heidi Klum also made the list.
Rounding out the top 10 — and making a campaign statement for fashion — was Michelle Obama, wife of Democratic presidential candidate Barack Obama, who was given high marks for a look that was “classic and confident.”
“She has a look. She works it with confidence, and she knows what looks good on her,” said People’s Style Editor Clarissa Cruz.
But Obama played down the notion that her sense of style might be anything close to couture, telling People: “Some of my favorite summer dresses are from Gap and H&M.”
“The thing they all have in common is that they all had a great year, stuck to their own personal style and stayed true to that,” said Cruz.
The magazine’s editors also spent time peering into the fashion choices of Republican vice presidential candidate Sarah Palin — her rimless glasses, step-toe pumps and updo hairstyle.
“People are paying attention to what she’s wearing, and we felt that was a news story,” Cruz said.
source: [people]
The catfight between Carrie Underwood and Jessica Simpson continues.
Carrie’s claws have come out following Jessica’s recent interview, in which she gushes over current boyfriend (and Carrie’s ex) Tony Romo, saying, “I just told him today, ‘You’re the love of my life.’ ”
In the interview Jessica also says she’s unconcerned by Carrie’s claims of getting calls from Tony, admitting that she checks his phone logs and knows exactly who he does and does not call.
While Tony, 28, may be pleased with Jessica and her declarations of love, his ex, Carrie, has quite a different point of view.
“She finds Jessica’s love of putting her life on display pretty desperate,” a pal of the “Before He Cheats” singer tells OK!. “She laughed at the People cover, because it’s the same one Jess did about John Mayer — same smile, same look, except she’s a little fatter.”
Now the blondes will take their battle to the country charts, but Carrie is unconcerned. “Carrie doesn’t think fans will spend money to watch Jess warble through a few badly written songs,” says her friend.
source: Carrie Calls Jessica Fat! [ok magazine]
