No one is going anywhere! That at least appears to be today’s media news theme regarding the industry’s top dogs. We already told you that Bill Keller has denied rumors he is going anywhere and today the New York Post is reporting that Hearst president Cathie Black will also stay put after having renewed her contract for another three years.
Hearst, which publishes Good Housekeeping, Cosmopolitan, and O, the Oprah Magazine among others has (along with the rest of the industry) been struggling of late and there had been some rumors that Black would be out once her contract was up. Not so!
The 64-year-old Black is re-upping as president in a three-year contract, according to people close to the situation…For now, though, Hearst seems convinced that change is not warranted. “Cathie Black is leading one of the most important and thorough re-engineerings of the magazine business ever implemented at Hearst,” said a company spokesperson. “She’s truly creating the magazine company of the future.”
Next stop? Hopefully the Internet along with with Conde Nast, Heart’s presence online is woefully absent. Unless of course this re-upping is, as Jeff Bercovici suggests, merely a measure of how dimly magazines view their own future.