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Sports Illustrated among divisions in Time Inc. facing layoffs by year’s end

The nation’s premier sports magazine may be facing layoffs in the coming months. Keith J.Kelly reports that "Time Inc. is bracing for another round of cutbacks," citing sources saying the layoffs "will be most severe in the division that includes Fortune, Sports Illustrated, Time and Money." He also reports that the moves will occur before Thanksgiving. "Since many of the old-line titles at Time Inc. are covered by union contracts with the Newspaper Guild, the company will likely have to offer voluntary buyout options as part of the downsizing," he writes.
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