According to PW, the editors who previously reported to Karp -- including Jennifer Hershey and Susan Mercandetti -- will now report to Menaker.

As for the bigger question -- Karp's next move -- Karp's keeping mum. "I just want to take a new risk," he tells PW. "I honestly don't know what it will be. It may be book publishing, it may be something else ... Right now I just want to take some time to think and read."

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