Time (Inc.) Is A Wastin'

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Looking to trim $100 million in an uncertain climate marked by sinking ad revenues and declining readership, Time, Inc. may pink-slip 500 to 700 staffers next month, according to an exclusive story yesterday by New York Post columnist Kevin Kelly.

The Post article noted that Time, Inc. CEO Laura Lang put the kibosh on pay raises for an 8,000-strong workforce. Time, Entertainment Weekly, Fortune, and People are among the publications in the media conglomerate's stable.