BusinessWeek employees are waiting to hear if they’ll have jobs once Bloomberg takes over the publication, and I’m told that staffers expect to hear their fate shortly after Thanksgiving. That has to be unnerving, but I can at least offer a little bit of comfort in the worst-case scenario employees would be facing had they been purchased by private equity firm ZelnickMedia. The short version: Almost everybody gets fired.

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Just in case anyone thought Time Warner had any lingering interest in NBC Universal, this ought to put it to rest: Time Warner CEO Jeff Bewkes just compared the proposed Comcast/NBCU deal with the disastrous one his company made with AOL nearly a decade ago.

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Heavyweight media investor Gordy Crawford–who happens to own a big chunk of Time Warner–says the conglomerate plans to dump its magazine business. But I get the sense that Jeff Bewkes and company plan on keeping at least some of the unit’s iconic titles.

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Sure, you’re watching lots of video on the Web. But that doesn’t mean you’re cutting back on your boob-tube time. At least not yet.

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Poor John Squires. The Time Inc. SVP seems like an affable fellow. So what has he done to deserve this impossible task–figuring out a digital strategy for Time Warner’s publishing unit? Or, to put it in Time Inc. CEO Ann Moore’s words, figuring out “how to put the genie back in the bottle”?

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Time Inc. is happy to boast about its online audience, but it’s also acknowledging that Web advertising alone may not be enough these days. So it’s going to start charging readers — or at least start thinking about the notion.

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Just like every other set of media layoffs/cutbacks, these aren’t surprising, which doesn’t make them any less unpleasant: Newsweek will be making its second round of cuts in less than a year. It’s hard to see how the Washington Post Co., the magazine’s owner, could do anything else. Newsweek loses money, and ad revenue at the magazine has been in free-fall throughout the year.

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While it’s true that Time Warner’s magazine unit is embattled, there are bright spots in the portfolio. Take People.com: The gossip magazine has always been one of Time Inc.’s strongest performers. Now its companion site is, too. Who gets credit? Some of it goes to celebs like Ashlee Simpson, and their babies.

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If you had any romantic notion that the beginning of holiday season meant an end to media layoff season, think again. This looks to be a particularly bad few days at Time Inc., where many of the magazines that asked workers to quit last month will now be firing them instead. But there are cuts, or planned cuts, coming to all manner of media companies.

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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.

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After asking about 100 editorial employees to give up their jobs today, Time Inc. announced a round of involuntary job cuts: Time Warner’s magazine publisher said it is firing 92 people in an overhaul of its consumer marketing and sales group. That leaves roughly another 400 positions that are scheduled to disappear in the coming weeks.

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At least some of the Time Inc. employees awaiting their fate finally got some news today. Managing editors at five of the magazine group’s titles that employ Newspaper Guild members–Time, People, Sports Illustrated, Fortune and Money–sent out memos asking for volunteers for a buyout program. That will reduce headcount by about 100 people, but there will be more cuts coming over the next few days and weeks.

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Once upon a time, U.S. News & World Report tried positioning itself as a competitor to Newsweek and Time. But those days are long gone: Now the publication is best known as a publisher of lists. And it’s acknowledging that fact by moving to a monthly publishing schedule.

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Time Inc. still hasn’t figured out exactly how many people the magazine publisher will fire this fall — the 600 number reported earlier this week, we’re told, is a guesstimate. In the meantime there are plenty of high-level org chart changes, like the departure of Ned Desmond, a longtime Time Inc. vet who was most recent title was President of Time Inc. Interactive. Click through to read Time Inc. boss Ann Moore’s goodbye memo.

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