Crain Communications Cuts 150 Jobs
PaidContent brings the news that, according to anonymous sources, Crain Communications Inc. is laying off 150 staffers. Salaries for all remaining staff will be cut by 10%. Crain Communications is a publisher of over 30 business trade magazines, including TelevisionWeek, Advertising Age, Modern Healthcare, and AutoWeek. From the PaidContent article:
No word on which magazines or whether the business side or the editorial side is bearing the brunt of the cuts. This is the third major paring since closing down Financial Week as a print property in December.
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