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Time Inc.'s CEO Search Said to Be Nearing End

New boss could be chosen next month
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Time Inc. has been sailing along under a three-man leadership committee, but the search for a new CEO is expected to be completed sometime in October, according to a source with knowledge of the process.

The Time Warner magazine unit has been without a CEO since Jack Griffin was fired in February. Griffin had been on the job for less than six months; Time Warner CEO Jeff Bewkes said his management style didn’t mesh with the company’s culture. A triumvirate consisting of editor-in-chief John Huey, general counsel Maurice Edelson, and CFO Howard Averill has been running the company since then.

Bewkes had made it clear none of the three is in line for the permanent CEO job, which means he'll have to find an outsider willing to take a role whose last CEO was rejected by an inside rebellion.

Griffin, meanwhile, has joined AlixPartners LLP as a senior advisor to grow its media and marketing services practice. AlixPartners’ recent clients include Reader’s Digest Association, the Tribune Co., and Freedom Communications. Griffin will continue to work with clients of the media and marketing consulting firm he started earlier this year, Empirical Strategic Advisors LLC.