Time Inc., Continues Downsizing
The repugnant Time Inc., publisher of Time magazine, is implementing massive employee layoffs, amounting to about 540 people let go, New York magazine reports.
The media behemoth, once a bastion of bourgeois classical liberalism but for the past several decades a forum for statism and a plethora of other forced social distortions, has been battered by the rise of the internet and Time's increasing distance from its readers' beliefs.
One feels sympathy for the laid-off workers but must recognize that this is a very salubrious trend indeed.
--S. T. Karnick