Time, Inc. owns other magazines such as Fortune, People, Sports Illustrated, etc., and their magazine sales have been trending down thus ad revenues. The Meredith Corp. who is purchasing them is promising investors they'll cut costs (create synergies), around $450 million.
Synergy sounds like a cool word but there's only one way to make it happen and that is to close plants and get rid of all duplicate personnel in areas like accounting, human resources, customer service, etc. If it’s a manufacturing company they might be able to use the same plant and distribution centers to house the new product line(s). Unfortunately, thousands of people will lose their jobs and one of the major reasons it’s happening at Time Inc. is because the owners played social justice warriors (SJW’s), instead of focusing on what the magazines were about (i.e. business, entertainment, sports, etc.). They turned off their readers with far left political propaganda and subscribers jumped off.
I truly don't understand how they can sit back and watch circulation tumble without recognizing where they're going wrong. We're talking about the livelihoods of the working class not the plush lifestyle of these owners who attend lavish parties for DNC fundraising.
I've already mentioned that ESPN is heading down the same path. I'm sure African American athletes are loving the direction they're going but they're not the demographic that keeps ESPN afloat. I don't understand how supposedly very smart people are this clueless.
Synergy sounds like a cool word but there's only one way to make it happen and that is to close plants and get rid of all duplicate personnel in areas like accounting, human resources, customer service, etc. If it’s a manufacturing company they might be able to use the same plant and distribution centers to house the new product line(s). Unfortunately, thousands of people will lose their jobs and one of the major reasons it’s happening at Time Inc. is because the owners played social justice warriors (SJW’s), instead of focusing on what the magazines were about (i.e. business, entertainment, sports, etc.). They turned off their readers with far left political propaganda and subscribers jumped off.
I truly don't understand how they can sit back and watch circulation tumble without recognizing where they're going wrong. We're talking about the livelihoods of the working class not the plush lifestyle of these owners who attend lavish parties for DNC fundraising.
I've already mentioned that ESPN is heading down the same path. I'm sure African American athletes are loving the direction they're going but they're not the demographic that keeps ESPN afloat. I don't understand how supposedly very smart people are this clueless.
RSS Feed