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News Papers take a leap forward, opening up to new ideas. Time Inc. to Cut 100 More Jobs as It Focuses on Web Business

If you made a list of today’s great media innovators you’d probably fill it with people whose dazzling ideas are shaping the Internet, television and even radio.

Not newspapers, though. The industry is famously risk-averse. You might not need both hands to count the big ideas that have wowed the public with their originality since 1880 when dailies began running photographs, or possibly 1897 when The Yellow Kid became the first comic strip with color.

But stop the presses. Media’s sleeping giant is waking up.

By David Lieberman, USA TODAY

Full Story: http://www.usatoday.com/money/industries/technology/2006-01-30-newspapers-change_x.htm

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Time Inc. to Cut 100 More Jobs as It Focuses on Web Business

Time Inc., after eliminating 105 management jobs just before Christmas, is moving to cut about 100 more, including up to 10 at its flagship, Time magazine.

Both editorial and business-side employees are being cut at several of the company’s domestic magazines. About 40 business-side employees were notified yesterday that they were losing their jobs, as were 26 editorial employees who are not in the Newspaper Guild.

By KATHARINE Q. SEELYE

Full Story: http://www.nytimes.com/2006/01/31/business/media/31time.html?_r=1&oref=login

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