Ann Moore

Time Inc. chief Ann Moore announced last night that there will be 600 layoffs at her company. None of Time Inc.'s 24 titles will fold.

The number amounts to about 6 percent of its total workforce, which has 10,200 employees worldwide and 7,000 in the country.

The Times' Tim Arango had the story first, which prompted Ms. Moore's memo last night (Keith Kelly reported last week that layoffs were imminent).

Mr. Arango reports that the division's entertainment titles, which include People, Entertainment Weekly and InStyle have "suffered a severe downturn and is likely to be whittled down under the new structure."

In addition, the entire internal structure of the place will change, and will be broken into three groups:

1. News (Fortune, Sports Illustrated, Time, Money)
2. Lifestyle (Real Simple, Cottage Living, Coastal Living and Southern Living)
3. Entertainment (People, EW, Instyle)

John Huey will lead news; former Life editor Bill Shaprio is a candidate for lifestyle; Martha Nelson will lead Entertainment.  read more »

Time, Inc. C.E.O. Ann Moore has said that her three year contract, which is now halfway done, would be her last.

But in today's New York Post, Keith Kelly writes that he's hearing she's going to stay even longer. And she has a found a way to put herself in the good graces of Time Warner chief Jeffrey Bewkes:

Bewkes also has to be pleased that Time Inc., which had about $5.5 billion in revenue and $907 million in profit last year, is now getting about 15 percent of its revenue from digital operations. That's far more than rivals Hearst or Condé Nast collect.

 read more »

A little after 6 p.m. at the Frederick P. Rose Hall, Condé Nast president Richard Beckman was sharing a drink—vodka, olives—with Condé Nast CEO Chuck Townsend. The two were discussing the same thing everyone in the lobby of Jazz at Lincoln Center at the Time Warner Center was talking about: What the National Magazine Awards can do, or not do, for a magazine.  read more »

This afternoon, Time Inc. announced it was discontinuing Teen People magazine after the September issue. The title will survive on the Web, however. The full memo follows:

To: Time Inc. Employees From: Ann Moore and John Huey Re: Teen People

We regret to inform you that we are suspending publication of Teen People magazine, effective with the September 2006 issue. We will continue to invest in the brand through TeenPeople.com which shows promise and growth. Teen People's groundbreaking launch in 1998 as a magazine and website was an industry first, and one that we remain proud of.

This decision was a difficult one because of the hard work of the magazine's talented staff and the support of its many loyal readers. We are taking immediate steps to place as many Teen People magazine employees as possible within Time Inc.

A. M. J. H.