More Restructuring at Time Inc.’s Business and Finance Network
Publishing giant Time Inc. has made another series of significant staffing changes, announcing the elimination of the group publisher positions at its business and finance network and also the restoration of the publisher positions at Fortune and Money magazines. The moves are a part of a restructuring of the struggling group, which will be renamed the Fortune|Money Group.
Former group associate publisher Hugh Wiley has been named publisher of Fortune and Brett Wilson, who had been associate publisher for North America at Time, has been named publisher of Money. The publishing titles were eliminated in 2006 when the business and finance group was formed, effectively combining the ad sales staffs of Fortune, Fortune Small Business, Money and recently shuttered Business 2.0. Wiley and Wilson will be responsible for advertising sales and brand marketing for the magazines and the print sales advertising teams will report directly to them.
Digital advertising revenue will be the responsibility of Alan Ives, who will join Time Inc. as senior vice president of sales at CNNMoney.com. As part of the reorganization, a new executive position will be created, responsible for print and digital advertising revenue across the entire group.
In 2005, Time Inc. merged business Web sites—CNNMoney.com, Fortune.com, FSB.com and Business2.com—and relaunched them as the singularly-branded CNNMoney.com. Last fall, Fortune named Andy Serwer as managing editor, replacing then editor-in-chief Eric Pooley.