writenews.com Index Advertising Facebook Feedback Feeds Homepage Linking to Us Our Blog Network Sitemap Subscribe Other Resources Bloggers BlogTM Gamers GameTM HowToWeb® The Internet Writing Journal® MediaCynic.com ReadersRead.com Shoppers ShopTM Shopping BlogTM Traders TradeTM Watchers Watch WriteJobs.com Writers Write®

Friday, October 11, 2002 Mutual Funds Magazine to Cease Publication Time Inc. announced that it will be ceasing publication of Mutual Funds magazine after the November issue. Time Inc. said it has offered to help the 33 employees working at the magazine to pursue job opportunities throughout Time Inc. and other AOL Time Warner divisions. Severance packages and outplacement services will also be available. In making the announcement, Ann Moore, Chairman and CEO of Time Inc., said, "The mutual funds industry is undergoing fundamental structural changes, and this has created a difficult outlook for fund advertising over the long-term. The prospects for the magazine's growth just weren't there." Mutual Funds was acquired in 1998 by Time Inc. from The Institute for Econometric Research, a privately held financial publishing company in Deerfield, Florida. Its current rate base is 825,000. "Time Inc. remains a strong and vibrant company, publishing dozens of successful magazines," said Moore. "We want to re-direct our investment dollars to areas that are most likely to have a handsome return, while at the same time maintaining Time Inc.'s unparalleled record of performance." Related Links: · Time Inc. Click here to return to the homepage of The Write NewsTM Click here to subscribe to our free weekly email newsletter. www.writenews.com Copyright © 1997-2011 by Writers Write, Inc. All Rights Reserved.