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Number Crunch Downsizing At The Business Mags

Mixed Media

by Jeff Bercovici
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Nov 19 2008 11:10am EDT

Number Crunch: Downsizing at the Business Mags

Yesterday, I looked at what has happened to editorial-staff size at Time and Newsweek over the past 10 years. Today, as promised, it's the business magazines' turn.

To reiterate my caveats: These aren't necessarily apples-to-apples comparisons. Different magazines classify different types of employees in different ways, and I didn't bother to try to figure out who is/was full-time, part-time, freelance, etc. Also, magazines don't print a masthead every month, so the time periods aren't perfectly congruent, and the 2008 figures don't necessarily reflect the most recent cutbacks.

That said:

BusinessWeek editorial masthead circa 1998: 255
BusinessWeek editorial masthead circa 2008: 214
Percent shrinkage: 16.1

Fortune editorial masthead circa 1998: 188
Fortune editorial masthead circa 2008: 171
Percent shrinkage: 9.0

Forbes editorial masthead circa 1998: 208
Forbes editorial masthead circa 2008: 189
Percent shrinkage: 9.1

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