Meredith's Jack Griffin to Succeed Ann Moore as Time Inc. CEO

Ann MooreThe world's biggest magazine company is getting a new boss. Ann Moore, who has served as chairman and chief executive of Time Inc. since 2002, is relinquishing the CEO title to a newcomer, Jack Griffin, according to multiple reports. Griffin resigned his post as chief of Meredith Corp.'s (MDP) National Media Group earlier this week without explanation.

Moore is expected to remain on as chairman, in an arrangement similar to the one used when Jeff Bewkes succeeded Richard Parsons at the top of Time Warner (TWX), Time Inc.'s parent company. After a year-long transition period, Bewkes acceded to the chairmanship as well.

A Time Inc. employee for more than 30 years, Moore had a difficult tenure as chief executive, taking over shortly after the Sept. 11 attacks and the bursting of the tech bubble pushed the economy into recession. She launched a slew of magazines early in her reign, including Cottage Living, Suede and a new version of Life, only to fold all of them except for All You, a low-priced women's title. But repeated rounds of rigorous cost-cutting have paid off: When Time Warner announced its quarterly earnings Wednesday, it reported a 50 percent improvement in the magazine division's operating profit.

Griffin has fared somewhat better during his time running Meredith's magazine operations. The unit, which publishes Better Homes & Gardens and Ladies' Home Journal, was the only one of the major magazine publishing houses to record ad page growth in 2009, an accomplishment that led to Advertising Age naming it the publishing company of the year.

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hockeydc

Time magazine seems to be a shell of its former self. It seems to be pursuing a liberal niche and has forfeited its objectivity. Henry Luce would be very disappointed about the current Time compromising its journalistic standards.

August 05 2010 at 4:50 PM Report abuse +1 rate up rate down Reply
cherylrein

I dropped my subscription to both Time and Newsweek years ago. I always read both sides of an issue, but Time Mag got even more liberal than PBS or NPR! What ever happened to the phrase "there are two sides to every story?"

I also dropped my local newspaper for the same reason. Why is it that they call and write and give you special offers to get you back, but they never ask WHY you dropped them?

August 05 2010 at 2:13 PM Report abuse +1 rate up rate down Reply
ronaldwstanley

It is because Time magazines sales were down to only 64,000 copies per week. That is nation wide folk. People are waking up in now waking up in America, at least I hope they are.

August 05 2010 at 12:05 PM Report abuse +2 rate up rate down Reply
OLD GEEZER

It is time for the left wing buzzard to go. What a disappointment. Time magazine is on its way too..

August 05 2010 at 8:14 AM Report abuse +6 rate up rate down Reply