Paper periodicals take another hit

Time, Inc.  — publisher of Entertainment Weekly, Fortune, and of course the venerable Time magazine  — will be announcing $100 million in cuts. This means that even more magazine staffers will be pink-slipped in large numbers. From the New York Times:

At Time Inc., cuts have already been heavy. A year ago, it announced it was dismissing about 600 people, or 6 percent of its staff. Since 2007, it has shut magazines including Business 2.0, Cottage Living, Southern Accents and Life, which it had revived as a newspaper supplement. A stricter expense-account policy has been in place for some time, and some magazines have decreased the weight of the paper they use.

Though I write for a variety of media, it's particularly heartbreaking to watch the painful demise of the newspaper and magazine industries. I don't think that paper periodicals will ever disappear completely, but online access to the hottest and latest news has made obsolete one of the biggest selling points of magazines and newspapers. It's been a slow process over the last decade or so, but the poor state of the economy isn't helping.

Best wishes to the staff and writers who fall to the latest swing of the sword. Hopefully they'll find new homes and continue to do what they love.