Time Publisher Fries Steps Down
More changes at Time Inc. The WSJ is reporting that Time publisher Donald Fries is stepping down from his post. No word on what motivated the move, though the Journal does note Time Inc. “is at a crossroads.”
According to the story “Mark Ford, president of Time Inc.’s newsmagazine group, which includes Time, Fortune, and Sports Illustrated, will take over ad sales for Time magazine as it faces a challenging ad market and as its rival Newsweek, a Washington Post Co. magazine, is undergoing a reorganization and redesign. Many at Time see that as an opportunity to gain a stronger competitive position.”
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