Apparently some at Time Inc. had been holding out hope that MTV founder Tom Freston would be the publishing company’s next CEO. Freston however, isn’t interested.
“I may finally have it ‘right’ for myself, have never been happier, and would sure regret abandoning this stage of my career,” he wrote in an email to the New York Post. “Someone will have fun in that new Time Inc. role… but I am staying put.”
It’s not surprising that Freston — currently an advisor for Vice Media Group and a board member on Bono’s ONE charity — turned down the job of directing a company that will start with almost one billion in debt. But hey, at least he was nice about it.