Time Launches Redesigned Website

From the NYT:

And a tremendous amount of effort has been expended on Time’s new Web site, which makes its debut today. It is thought by many at the magazine that the highly regarded editor there, Josh Tyrangiel, will one day take over whatever Time magazine/Time.com becomes.

But no great news here:

    Time Inc. management, with the help of air cover from the consultants from McKinsey, is trying to cut costs to reflect brutal realities in the mass magazine business.

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