Death To Life

Just in: Time Inc. announced today that is is shuttering Life, the weekend magazine newspaper insert that trades in ultra-thin paper stock and celebrity interviews. According to a Time Inc. spokesperson, 42 lost their jobs — 15 on the edit side. Spared: Managing editor Bill Shapiro, executive editor Maggie Murphy, president Andy Blau and publisher Peter Bauer, who will all stay with Time Inc. in yet to be determined positions.

It was not doing well, down 9.2%

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