Time Inc. editor in chief John Huey is overseeing a redesign at Fortune magazine, where he was once in charge, writes Keith Kelly of the New York Post.
“‘I don’t think it’s a happy situation,’ said one source.
“Word of the redesign comes the same week that McGraw-Hill Cos., publisher of Fortune rival BusinessWeek, confirmed that it was putting that magazine up for sale.
“Sources familiar with the Fortune matter said Serwer is sitting in on the redesign meetings, and for the moment is said to be welcoming Huey’s participation.
“To assuage any potentially bruised egos, Huey in the past month awarded Serwer with a new three-year contract, insiders said, which will keep him on the payroll until at least 2012.”
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