Murray’s wings get clipped at Time
Time Inc. chief executive officer Alan Murray — the former editor of Fortune and a former editor at The Wall Street Journal — has had his responsibilities diminished now that it’s owned by Meredith Corp., writes Keith Kelly of the New York Post.
Kelly reports, “At a Friday meeting, Murray was informed he gets to keep his title for the time being — but he will only be overseeing Time, Sports Illustrated, Fortune and Money, sources told The Post.
“Those four titles were officially put on the block less than two weeks ago. The company expects the four magazines will be sold within the next two to four months — to two or more separate buyers.
“Murray — a respected industry veteran who had a long career at the Wall Street Journal before landing as the editor of Fortune — did not return calls seeking comment.
“In July 2016, Murray was promoted to his current position at Time Inc., succeeding one of the editorial titans, Norm Pearlstine. Murray is believed to be hauling in a mid- to high-six-figure salary in his current gig.”
Read more here.