We heard about Time relaunching Time Style & Design back in December, and now we’re getting a look at the second go-around. The cover features Emily Blunt, who tells the magazine that when she met Barack Obama for the first time, she laughed.

“I just laughed hysterically in his face,” says Blunt. “That’s all I could do… I got ushered away gently by someone, removed from his presence. John [Krasinski] said he’d never seen me fall to pieces in the way that I did.”

Blunt seems almost too likable, doesn’t she?

Also inside the revamped Time Style & Design — which will be sent to 500,000 select Time subscribers twice a year — are items on Christian Louboutin, “Downton Abbey’s” Michelle Dockery, “The Avengers’” Tom Hilddleston and architect Zaha Hadid.

Time is relaunching Time Style & Design, a fashion title that was folded in 2009. The new version will be different than the old in that it will cover a wider range of topics. It will also have a smaller circulation and its own digital channel on Time.com.

“It’ll have a kind of broader palate,” Time’s Managing Editor Richard Stengel told Adweek. “There will be stories about art and architecture and design and technology, and that sort of thing. The previous iteration of it was probably more focused on fashion than this one will be. In that sense, this represents the kinds of things I’m more interested in, the things I think the Time reader is more interested in.”

Time’s Worldwide Publisher, Kim Kelleher, said the new Time Style & Design will benefit this time around from being more of a spinoff from Time, rather than a completely separate entity like the old one was perceived to be by advertisers.

See? We told you magazines were making a comeback.

Essence Communications Inc. has gotten itself a good deal in its latest hire: Celeste Harwell, who has done directorial sales work for The New York Times, Marie Claire, and TRACE magazine has been taken on as the African-American media company’s newest director of fashion. Harwell’s most recent gig was serving as the Associate Publisher for TIME Style & Design, which has ties to Essence.

Says Essence president Michelle Ebanks, “I am certain that Celeste will successfully break new ground in establishing relationships and developing innovative ideas, especially in our pivotal 40th anniversary year!”

See below for full press release.

Read more

It’s been a tough year for the publishing industry, and magazines in particular have had it rough. Every major publisher has had to shutter at least one of its titles, and some of our favorite glossies have gone to that great magazine rack in the sky.

While it would take forever to list all the over 400 magazines that have folded this year, we here at FishbowlNY put together a timeline of some of the bigger names that were shuttered this year. The bad news? It looks like in the last six months of the year the number of titles snowballed. Here’s hoping that 2010 looks a lot brighter.

After the jump, our timeline

Read more

Time Inc. has decided to suspend its upscale fashion and design quarterly Time Style & Design, citing challenges in the luxury market.

Keith Kelly first reported the closure in his New York Post media column today. He said Time plans to relaunch the magazine if the economy improves but noted that four edit staff members have been let go. Two business-side staffers were also laid off.

A spokesperson told FishbowlNY that the publication’s suspension will not affect Time‘s fashion coverage. In fact, Style & Design‘s editor-in-chief Kate Betts will be covering New York Fashion Week later this month for the magazine and Web site as planned.

The last issue of the magazine is out today.