Time Inc. shuts down Fortune Small Business magazine


On Wednesday morning, during Time Warner (TWX)'s third-quarter earnings conference call, chairman Jeff Bewkes said, "We'll continue to take a look at non-strategic and less profitable titles."

Apparently, one of those non-strategic titles is Fortune Small Business. A Time Inc. spokesman confirms to DailyFinance that the Fortune spin-off is suspending publication.

The news comes just as the publisher embarks on a fresh round of job cuts aimed at saving $100 million in costs. Between 400 and 500 jobs will be eliminated, according to The New York Times, only a year after the company shed 600 workers.