Time Inc. Searching for New Group President

The company wants someone to oversee Time, Fortune and Money.

Now that Richard Battista is settling into Time Inc.’s newly-created role of president of People and EW, the publisher has moved on to its next search. According to The New York Post, Time Inc. is looking to hire a group president of Time, Fortune and Money. Sports Illustrated might also be included.

Currently those titles all report to Time Inc. executive vice president Evelyn Webster. Since Webster already has women’s titles reporting to her, hiring someone to take Time, Fortune and Money off of her hands would free up some of her time.

Webster also prefers to have one team of publishers heading up ad sales while group presidents concentrate on ways to generate revenue specific to their brands.