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Time Inc. To Spin Off June 6, Expects More Downsizings

According to an SEC filing, Time Inc. will spin off from Time Warner, becoming a separate company, on June 6 -- and "the 500 people cut in February will not be the end of the downsizings," writes Keith Kelly. “'We anticipate additional head-count reductions and real estate consolidations in the future,' said the filing."

Read the whole story at New York Post »

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