The end of the week has brought another change up at Time Inc. According to an internal staff announcement,’s managing editor Cathy Sharick has stepped down, with the site appointing Edward Felsenthal to succeed her.

Sharick will go on to “fulfill her dream of working for a dotcom start-up,” which was not named in the announcement.

In 2008, Felsenthal co-founded The Daily Beast as its executive editor and helped move the site from a startup to an online destination that attracted more than 7 million monthly unique visitors by 2011.

Prior to that, he was a reporter and editor for more than a decade at the Wall Street Journal, where he was named deputy managing editor in 2005. At WSJ, he assisted in the launch of the Personal Journal and helped shepherd the global launch of, a news site covering the Middle East.

Traffic to is up 12 percent year-over-year, according to the announcement, and under Sharick’s watch the brand helped grow’s Web traffic, which now receives more than 10 million monthly unique visitors, as well as its social audience to include more than 4.4 million Twitter followers, 2.6 million Google+ fans and more than 743,000 Facebook fans.

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