Time Inc, Conde Nast Make Adjustments to Tough Times

TheStreet: Conde Nast, Time Inc. and Meredith are just three large publishers to recently implement layoffs and restructuring, as print publishers realize they have to adjust to the tougher environment, said Reed Phillips of media investment bank DeSilva & Phillips. “It’s a sign of what’s going to continue to happen over the next 10 years.”