Time, Inc. Announces Restructuring

From MediaWeek:

Acknowledging that the company is facing unprecedented economic hard times, Time Inc. chairman, CEO Ann Moore announced a massive reorganization that’s expected to lead to the loss of hundreds more positions in the coming weeks.

One of those already departing is Time magazine’s worldwide publisher and 35-year Time Inc. vet Ed McCarrick, whose retirement the company announced Oct. 28.

McCarrick started at the company in 1973 as a sales rep and served over the years in various positions at the erstwhile Life, People and Time magazines before becoming publisher of Time’s U.S.

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