Time Inc. CEO Laura Lang nixed pay raises across the board for 8,000 staffers while the publishing giant gets ready to swing the ax. Sources say that a flurry of pink slips, which many feared would fly next week, has been pushed off until early February — closer to the date when Time Warner is set to announce fourth-quarter earnings.
(Source: The New York Post)
Despite recent budgetary concerns surrounding the so-called fiscal cliff, U.S. wages appear to be growing — even in industries where you wouldn’t expect it. Media and publishing professions saw the largest annual growth in wages in the fourth quarter of 2012 in six years, according to the latest reading of the PayScale Index.
(Source: The Huffington Post)
I work from home, of course, but if you’re interested, this is what The HuffPost’s newsroom in New York looks like.
Richard Ben Cramer, a Pulitzer Prize-winning journalist who was best known for writing the 1992 book, “What It Takes: The Way to the White House,” died Jan. 7 of complications from lung cancer. He was 62.
(Source: The Huffington Post)