• New York Post, Thursday, October 23, 2008 9:19 AM

Insiders say Time Inc. CEO Ann Moore will reverse her decision to step down in 18 months, preferring to stay in charge though the industry downturn, including a new round of expected layoffs. Most of the cuts are likely to be centered in New York, where the company has about 3,500 employees.

On the plus side, Moore can boast that Time Inc. is getting about 15% of its revenue from digital operations, which is far more than its rivals.

By sticking around, Moore also hopes to expand cross-magazine sharing on the editorial side. As a sign of the future, she points to a recent Time cover story about Wall Street that was co-written by Fortune editor Andy Serwer and columnist Allan Sloan.

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