Time magazine wakes up and smells the coffee

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Time magazine is among the latest large media owner to realise that the Internet is not a place where you spend a lot of money. In fact, it’s so efficient at disintermediating the income streams of traditional media companies who mainly play in print, that they are having to cut staff and put what resources they have left online. This something UK Press Gazette failed to realise and paid the price for last year.

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