Paul Caine, who has been with Time Inc. for 23 years, is leaving the company. According to Adweek, Caine is headed to Dial Global, a radio syndicator, to become its new CEO.
Caine has held a variety of positions at Time Inc. since he joined. He was most recently executive vice present, chief revenue officer and group president of advertising, but in the past has served as People’s publisher and president and group publisher of the company’s style and entertainment group.
Though plenty will think Time Inc.’s spinoff has something to do with him leaving, Caine told Adweek that wasn’t the case. “This clearly wasn’t something that happened in the past week or two. I was not looking to move on.”
Caine begins at Dial Global on April 5.