Time Inc. expected to cut another 400 jobs in face of declining revenues

Last fall, Time Inc. cut 600 jobs to save $150 million. This week, probably Wednesday, according to a story in MediaDailyNews, it is expected to eliminate up to 400 more jobs as the company plans to cut another $100 million in costs in the face of continuing decline in advertising and circulation revenue -- ad revenues down 26%, circ revenues 22.2% in the 2nd quarter of the year.

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