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Today was a memo day at Time Inc. We mentioned that the digital head of Time Inc. Ned Desmond was leaving. Now, some more details on newly f…

Today was a memo day at Time Inc. We mentioned that the digital head of Time Inc. Ned Desmond was leaving. Now, some more details on newly formed News group, which now includes Time Group, the Fortune/Money group, and the Sports Illustrated group, as well as Life.com and GEE. Vivek Shah, until now the head of Fortune/Money Group, will be bumped up to the digital head of the News unit, the company announced. John Reuter will move from Mexico to become SVP and Group GM, with the business office and production staff reporting to him.

The full memo from John Squires, below:

“To: News Business Unit Employees
From: John Squires
Re: News Business Unit

Yesterday Ann announced a significant reorganization of our company that is designed to give us greater flexibility to serve our readers and advertisers in a very difficult period. With that announcement comes the creation of the News Business Unit, including the print and digital properties of the TIME Group, the FORTUNE/MONEY Group, the SPORTS ILLUSTRATED GROUP, as well as LIFE.com and GEE. We will be organizing ourselves along functional lines under three executives:

Mark Ford will lead advertising sales and marketing for the group as President and Group Publisher. All publishers will report to Mark as well as advertising and marketing executives. In addition, public relations and our conference division will report to Mark. He will have a dotted line relationship to Stephanie George and will represent the group on Stephanie

  1. I know both Fran and Vivek and they are great picks to lead Time Inc. into Web 3.0. Congrats!

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  2. Yet another attempt at avoiding the real question of leadership at Time. Notice that the roles change and the names remain the same. The people brought in to make real change have been quietly discharged,.

    Sell your Time Warner stock (now under $10). These people have no clue, except to continually reposition their favorite people, whether effective or not. And, by the way, they have quietly let some of the most brilliant people in the entire industry walk away quietly.

    Brilliant, just brilliant. Just keep recycling, Time Inc.. And let your brightest go off to your competitors. That's the way to run a business!

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