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

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.
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