Why Did Time Inc.’s Layoffs Get So Much Less Attention Than Condé’s?

In the next three months, Time Inc. will cut 280 jobs, whittling away at iconic titles like Sports Illustrated, Essence, and People. Time also underwent a big round of cuts in early 2007, but this is still major news. Why is it going over so quietly, especially in light of the wave of Condéfreude last month?