Earlier this year, a top BusinessWeek editor assured me that McGraw-Hill wouldn’t part with the publication–because even if it was losing money it was still a trophy asset for the publisher. But perhaps my source didn’t comprehend how much money his employer was actually losing.
Still have a job in media? Looking for a wee bit of inspiration in a gloomy week in a miserable year? Here’s a free pep talk.
Time Inc. is cutting something like 600 employees, but for the past few weeks it has been doing so in small steps: 10 here, 30 there. That will change today when up to 250 people at Time Warner’s magazine unit are expected to get pink-slipped. Leaving the company along with them, executives from Cooking Light and Southern Progress.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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