Time Inc. Exec Departs For Career In Digital Media

Last night The New York Observer broke the news that Time Inc. executive vice president John Squires is leaving the financially troubled institution to work on a new digital media project with some of the biggest titles in magazine publishing…including some of Time’s own.

According to the Observer:

“The company will prepare magazines that can work across multiple digital platforms, whether the iPhone, the BlackBerry or countless other digital devices. The company will not develop an e-book, but create something that people familiar with the plans compare to iTunes — a store where you can buy new and distinct iterations of The New Yorker or Time.

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