Craig Matters, who earlier this year was named executive editor at Fortune, has been named the new managing editor at sister publication Money.
Matters replaces Eric Schurenberg, who will leave the magazine near the end of the month.
In an announcement posted by New York Observer reporter Matt Haber, Time Inc. head John Huey wrote, “As FORTUNE’s executive editor he headed up Fortune.com and helped to oversee technology and investing coverage. He has worked closely with FORTUNE writers to increase the title’s technology and investing coverage both in print and online at Fortune.com and CNNMoney.com.
“Craig is a veteran of every title in the old Fortune|Money group. He originally joined Time Inc. as a senior editor at Money, later named assistant managing editor, where he primarily worked on investing coverage and feature editing. He left in 2001 and headed out for the web, serving as the first editor of the incredibly successful CNNMoney.com, which at that time was a combination of CNNfn.com and Money.com. The site re-launched in 2006 to include all Time Inc. business and financial titles, and in October, under executive editor/VP Chris Peacock, received 39.5 million unique visitors and 37 million video streams based on internal Omniture data. In 2004 Craig rejoined Money as executive editor.
“Previous to his time at Time Inc., Craig spent ten years at American Lawyer Media, where he was editor of an early online community for lawyers called Counsel Connect and ran newsrooms for American Lawyer in San Francisco and Miami. He began his career as a reporter and editor at weekly and daily newspapers in Connecticut.”
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