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fashion-memopad

CosmoGirl Shuttered... Ann Moore's Plan... Mansueto Layoffs...

Hearst Magazines on Friday shuttered Cosmogirl magazine, the teen title it spun off from Cosmopolitan in 1999, with the December issue being the last.


 

ANN MOORE’S NEW PLAN: Ann Moore, chairman and chief executive of Time Inc., spoke to The Times of London last week about a new two-year strategy she is working on to get the company through the economic downturn. “I don’t know if there will be layoffs,” she admitted to the paper. But things on that front don’t look rosy given the ad downturn and since Moore went on to say there will be more “sharing of resources across brands” within the Time Inc. stable. She pointed to a recent Time magazine piece, “How Wall Street Sold Out America,” which was written by Fortune managing editor Andy Serwer and senior editor-at-large Allan Sloan. “Time was happy; it got two great writers for its cover — who was unhappy? Maybe Time’s five business writers, but they got to blog on the topic,” she said. (Of course, a blog is worth a cover story any day, right?) Moore also said she’s interested in bringing Decanter, a monthly wine magazine, over to the U.S. IPC Media, which was acquired by Time Inc. in 2001, publishes the title. And Moore addressed the ongoing rumors Time Inc. is for sale. “We’re a cash cow,” she said, blaming bankers for the speculation. “I hope that the lesson from this crisis is that we have less bankers and return to the basics with more people who actually make things.” — Amy Wicks

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