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  "documentTitle": "Time Warner Inc. (TWX)",
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      "text": "No US magazine launched by Publishing after 2000 has made a material impact on the revenue of the division and none are among the top 300 magazines in the US as ranked by Advertising Age.",
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      "text": "The publishing segment of TWX (“Publishing”) is the leading consumer magazine publisher in the US with over 150 magazines... Publishing also owns the leading UK consumer magazine publisher (IPC Media)...",
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      "text": "Too many layers make you very averse to risk. You’ve got to be able to make fast decisions. We were like middle-aged people. We needed to slim down.",
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      "text": "We are big, and we need big bets. I think that as we have become more layered, the culture here has become risk-averse.",
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      "text": "\"This new alignment is the result of a very thoughtful and thorough process to de-layer our management structure, speed decision-making, simplify communications and reduce costs.\" — Ann Moore, Publishing's Chairman & CEO; \"Too many layers make you very averse to risk. You've got to be able to make fast decisions. We were like middle-aged people. We needed to slim down.\" — Ann Moore, Publishing's Chairman & CEO; \"We are reallocating our workload and assets in order to invest in areas of higher growth, including online and new launches.\" — Ann Moore, Publishing's Chairman & CEO; \"We are big, and we need big bets. I think that as we have become more layered, the culture here has become risk-averse.\" — Ann Moore, Publishing's Chairman & CEO; \"The current round of cuts is largely because of reallocation of resources as the company increases its online presence and consolidates some of its business functions.\" — TWX spokesperson.",
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      "text": "(a) Julie Bosman and Richard Siklos, Time Inc., Facing Declining Ad Pages, Lays Off 105, Including Top Executives, The New York Times, December 14, 2005. (b) Stephanie D. Smith, Time Inc.'s Moore Streamlines Decision-Making Process to Stimulate Growth, Mediaweek, December 19, 2005...",
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