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

Before you go, we thought you'd like these...
Before you go close icon
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.
Read Full Story


S&P 500 2,345.96 -2.49 -0.11%
DJIA 20,656.58 -4.72 -0.02%
NASDAQ 5,817.69 -3.95 -0.07%
DAX 12,036.97 -2.71 -0.02%
NIKKEI 225 19,262.53 177.22 0.93%
HANG SENG 24,358.27 30.57 0.13%
USD (per EUR) 1.08 0.00 0.17%
USD (per CHF) 0.99 0.00 -0.13%
JPY (per USD) 111.14 0.14 0.12%
GBP (per USD) 1.25 0.00 -0.33%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners