Time Inc. dumps senior execs in shakeup | VailDaily.com

Time Inc. dumps senior execs in shakeup

NEW YORK – Magazine publisher Time Inc. cut 105 employees Tuesday, including several senior executives, as part of a management overhaul.Among those losing their jobs are advertising sales chief Jack Haire and Richard Atkinson, who had formerly been the chief financial officer, spokeswoman Dawn Bridges said.Former Time magazine president Eileen Naughton and other business-side executives will also go, Bridges said, while fewer than 10 editorial employees at Time Inc.’s magazines will lose their jobs.The reorganization will streamline Time Inc.’s management structure, which had grown “organically” in recent years with several acquisitions, Bridges said. She said the new organizational chart will clarify reporting lines, leaving CEO Ann Moore with only six direct reports versus 10 under the old system.The shakeup will also result in two executives – John Squires and Nora McAniff – being named to the new position of co-chief operating officers.Time Inc. has about 13,000 employees and publishes more than 150 magazines including Time, Sports Illustrated, People, InStyle and Entertainment Weekly. It is part of the media conglomerate Time Warner Inc.Vail, Colorado

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