Time Inc. to end Life magazine but keep it online

Time Inc. said on Monday it would stop publishing Life, the iconic photography magazine that has been a weekly newspaper insert since 2004. It is the latest magazine to shut down as more readers desert print publications for online news and photos. Time is laying off 15 editorial workers and 27 in its business department in connection with the shutdown, said spokeswoman Dawn Bridges. Time will make Life’s collection of 10m images available online, with ‘the most important collection of imagery covering the events and people of the 20th century’ available for free for personal use, it said. The announcement comes after the company launched a redesigned version of its US newsweekly Time. Earlier this year it announced plans to cut 289 jobs from its estimated 11,300 work force to lower costs as it invests more in the internet.

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