Time Inc. Staffers Confident in New Company That Has $500 Million in Debt
Now that Time Inc. staffers no longer have to worry about moving to Iowa to join Meredith, some are breathing a sigh of relief. The New York Times reports that several employees expressed confidence in the new, independent Time Inc. despite the fact that it will start off with between $500 million and $1 billion in debt. Now that’s optimism.
Rick Stengel, Time’s managing editor, was particularly upbeat. He told the Times the spinoff from Time Warner was exciting.
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