Time Inc. Tightens T&E Expenses

The clearing house for internal media conglomerate memos, otherwise known as Gawker, reports Time Inc is tightening the old Travel & Entertainment budget across all properties. This intercepted memo to Sports Illustrated employees urges them to "adopt a heightened awareness with regard to spending and be as frugal with the company's money as you would with your own." Staffers are urged to take Yellow cabs versus, we assume, limos; to fly only in cattle-class; to limit submitted entertainment expenses to story subjects and source - as opposed to, oh, friends, aunts, girlfriends; and staff meeting may not be catered. Oh, the horror of it all!