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Posts Tagged ‘David Geithner’

Major Executive Changes at Condé Nast

unnamedBig changes have just hit Condé Nast. Editorial director Tom Wallace and COO and CFO John Bellando are both leaving the company, while David Geithner — a former veteran of Time Inc. — is joining as CFO.

Wallace’s exit will give even more power to Condé’s artistic director, Anna Wintour. In a memo announcing the changes, Chuck Townsend, the publishing house’s CEO, wrote that Wintour “will ensure that our content and culture remain at the forefront of our industry.”

Bellando had been with Condé since 1999. Geithner will take over Bellando’s CFO duties, while Bob Sauerberg will “assume a leading role in all revenue generation activities,” wrote Townsend.

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Time Inc. Streamlines Structure, Eliminates Jobs

TimeLifeBuildingRockCenter_articleboxThe reshaping of Time Inc. continues. According to a memo from Joe Ripp, Time Inc.’s CEO, the company is streamlining its structure by eliminating the brand clusters (like Style Group, News Group, etc.) and therefore, cutting jobs. The biggest departure is that of David Geithner, who had been with Time Inc. for over 20 years. Ed Kelly, CEO of American Express Publishing is also out.

Without the brand groupings, Evelyn Webster and Todd Larsen will be taking on larger roles. Webster will now oversee All You, Black Ink, Cooking Light, Coastal Living, Departures, Essence, Food & Wine, Health, InStyle, People StyleWatch, People en Español, Real Simple, Southern Living, Sunset, This Old House, Travel + Leisure, and IPC.

Larsen will oversee People, Entertainment Weekly, Time, Sports Illustrated, Fortune, CNNMoney, Money, Golf, SI for Kids, Time for Kids and Mexico’s GEx.

In the same memo, Ripp announced that Mark Ford will be joining the company as executive VP of ad sales. You can read Ripp’s entire note below.

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Jess Cagle Talks Shop

JessCaglePicJess Cagle, the newly crowned editor of People and editorial director of Entertainment Weekly, has a lot on his plate this year. People had a nice 2013, but as Time Inc. prepares to be spun-off from Time Warner, Cagle will be steering the biggest ship in the fleet.

Cagle spoke with Adweek about what lies ahead for Time Inc. and People, and below are some highlights.

On keeping People’s newsstand sales strong:

I don’t know that you can reverse the newsstand decline. However, newsstand is incredibly important, especially for People. I will go from being not that concerned about newsstand to very concerned about newsstand. I think I can do it; I just think I’ve got to be focused on it.

On the new Time Inc. policy that will have newsroom staffers reporting directly to business execs:

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Jess Cagle Gets Two BIG Promotions

JessCaglePicWhen we spoke last spring with EW managing editor Jess Cagle, he was getting ready to juggle those duties with some 24/7 Sirius XM overseeing. A year later, there’s a whole lot more on this talented and well-liked journalist’s plate.

Per a report this morning from Capital New York’s Joe Pompeo, Cagle has been promoted to editorial director of EW and given the reins of sister publication People as editor. He replaces Larry Hackett:

The announcement was made this morning by David Geithner, president of Time Inc.’s style and entertainment group, and Norm Pearlstine, the company’s chief content officer, in a memo obtained by Capital.

It is the first sign of major rumblings that are expected to rock Time Inc. this year as the company prepares to be spun off from Time Warner.

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What Happens When Magazine Editors Start Reporting to the Business Side?

It is this week’s biggest and most far-reaching NYC media world question. What’s going to happen at Time Inc. now that editor-in-chief Martha Nelson is moving on and Norman Pearlstine, at CEO Joe Ripp‘s behest, has returned to oversee all such matters from the business side as executive VP and chief content officer.

Time__Inc_-logo-2ED06AA15C-seeklogo.com_AP recently announced that it will be entering the sponsored content game in 2014, so let’s start out by reminding ourselves that the rules are changing fast, and often. Ad Age media reporter Michael Sebastien spoke to both Ripp and Pearlstine in the wake of this week’s seismic news. Ripp restated something he said in the official announcement – that it’s designed to speed up the content work-cycle:

“Whenever you have a very large organization as ourselves and important decisions need to be cleared through multiple layers it creates a slowdown of the process,” Mr. Ripp said. “I’m a firm believer that businesses are more successful when you can empower people at a local brand level.”

“It will help create entrepreneurship at the brands,” Mr. Pearlstine said.

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Michael Klingensmith Seen as Lead Candidate for Time Inc. CEO

We have a new name to throw into the “Next Time Inc. CEO” hat: Michael Klingensmith. According to The Wall Street Journal, Klingensmith has emerged as the leading candidate to oversee the publishing house when it’s spun off at the end of the year.

Klingensmith is a newcomer to the list of potential Laura Lang replacements. The most recent names considered included David Geithner, Howard Averill, and Todd Larsen — all Time Inc. insiders. However, Klingensmith makes sense, because of his history with the company and his smarts.

According to the Journal’s sources, Jeff Bewkes has said he wants “a real strong finance guy that can help run this company,” (sorry women!) and Klingensmith would fit that role.

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Time Inc. Insiders Seen as Frontrunners for CEO Spot

Months have passed since rumors about who would be named the next CEO of Time Inc. began circulating and yet… Nothing. Jeff Bewkes has yet to name a new head honcho for the company, and Laura Lang — Time Inc.’s current CEO — is like, whatever.

However, if the speculation is correct, the next chief will likely be one of three current Time Inc. executives, and not an outsider, like some had believed. The New York Post reports that the current line of thinking is that if Bewkes doesn’t name someone from beyond the Time Inc. walls by this week, it’ll come down to these three:

  • David Geithner, executive vice president and group president of the Style & Entertainment Group
  • Howard Averill, executive vice president and CFO
  • Todd Larsen, executive vice president and group president of the News & Sports Group

No word on if any of them are excited or scared about this.

Names Emerge in The Hunt for Next Time Inc. CEO

Forgive us if you’ve heard this before, but… Rumors are circulating about who will be the next Time Inc. CEO. According to The New York Post, Jeff Bewkes — CEO of Time Warner — wants to find a replacement for Laura Lang before summer begins, and so some names have been floated:

Please bookmark this post so we don’t have to write a “Rumors of new Time Inc. CEO” post again in about a year.

Changes at The Top for Time Inc.

Laura Lang, CEO of Time Inc., just shuffled the deck at the top of the company. According to Adweek, Paul Caine will now be group president as well as chief revenue officer.

David Geithner was also promoted to the top of the company’s Style and Entertainment Group. Geithner will oversee People, In Style and Entertainment Weekly.

Lang directed Todd Larsen, group president of Time’s News and Sports Group, to oversee the company’s international tactics.

Additionally, Fran Hauser — director of digital for the Style and Entertainment Group — was tasked with managing an “innovation lab.”