Bloomberg | Pew

Time Inc. became an independent company Friday, "the only publicly traded company in the U.S. focused just on magazines," Edmund Lee reports for Bloomberg.

Magazines are in a tough spot, Katerina Eva Matsa writes for Pew. Circulation and advertising are down industry-wide over the past years. And significantly fewer people work in the business than in 2003. 41,500 jobs at consumer magazines have vanished since then: