“In the news business, no one is safe – not even senior editors at The New  York Times. The media business was shaken on Friday when it was reported, first in New  York Magazine and confirmed by POLITICO, that managing editor John Geddes,  assistant managing editor Jim Roberts, dining editor Susan Edgerley, former  Washington editor Rick Berke, and former Times Magazine editor Jerry Mazorati  could all be casualties of the Times’ effort to cut costs.”

                                                                                                                                                                                                               Read more @ http://www.politico.com/story/2013/01/media-rattled-by-possible-nyt-layoffs-86083.html

                                                                                                                                                                                                                     AND..

                                                                                                                                                                                                               Time Inc. Will Lay Off 700 After 5% Ad Decline – Business Insider

“Time Inc. revenue fell 6% for the nine months ended in September to $2.5  billion. Profit dropped 14% to $220 million

A Time  Warner spokesman declined comment.”

Read more:  http://www.businessinsider.com/time-inc-will-lay-off-700-after-5-ad-decline-2013-1#ixzz2HltAGqQf