Cold.

Time Inc. began laying off more than 250 people today at its top magazines, including its most profitable title, People, which said it was shutting down its Washington, Miami and Chicago bureaus entirely.

Time and Sports Illustrated also expected staff layoffs.
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Employees in those bureaus said they were “shell-shocked,” as the news was delivered by speakerphone from New York by Larry Hackett, People’s managing editor.  Read more