People Founding Editor to Depart Time Inc.

stolleyFor Richard Stolley, the end of a long, legendary Time Inc. career has arrived. According to The New York Post, Stolley’s contract is up at the end of this month and Time Inc. is not renewing it.

Stolley — the founding editor of People in 1974 — had been working as a senior editorial advisor since 1993. Despite having his hand in Time Inc.’s most profitable magazine ever, Stolley is most well known for his work at Life, where he served as a managing editor.

Stolley was editor of Life when JFK was assassinated. Stolley met with Abraham Zapruder and convinced him to sell Life the only known video of the assassination for $150,000. Life then ran stills of the tragic event.

Time Inc. eventually sold the film back to the Zapruder family for one dollar and the video is currently housed at the National Archives in Washington DC.

[Image: Al Freni/Northwestern University]