AOL Plans to Cut Magazine Division's Editorial Budget. (22-MAR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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AOL Plans to Cut Magazine Division's Editorial Budget.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 22-MAR-01

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Byline: Paul D. Colford

Mar. 22--Time Inc. insiders say the magazine division of AOL Time Warner is moving forward with plans to cut as much as 5 percent from this year's editorial budget.

But insiders added that speculation circulating in the Time-Life Building about widespread layoffs is far off the mark.

Time Inc. spokesman Peter Costiglio disputed the 5 percent figure yesterday, saying editor-in-chief Norman Pearlstine asked the managing editors of the company's 64 magazines weeks ago to...

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