Information leaked a few weeks ago on job cuts at Time Warner's (TWX +0.4%) Time Inc. comes to...

|About: Time Warner Inc. (TWX)|By:, SA News Editor

Information leaked a few weeks ago on job cuts at Time Warner's (TWX +0.4%) Time Inc. comes to fruition as the company officially announces a 6% reduction in its global workforce. Last year, the publisher saw its revenue fall off close to 6% as digital advertising failed to make up for lost sales on the print side.