Today was a memo day at Time Inc. We mentioned that the digital head of Time Inc. Ned Desmond was leaving. Now, some more details on newly formed News group, which now includes Time Group, the Fortune/Money group, and the Sports Illustrated group, as well as Life.com and GEE. Vivek Shah, until now the head of Fortune/Money Group, will be bumped up to the digital head of the News unit, the company announced. John Reuter will move from Mexico to become SVP and Group GM, with the business office and production staff reporting to him.
The full memo from John Squires, below:
“To: News Business Unit Employees
From: John Squires
Re: News Business Unit
Yesterday Ann announced a significant reorganization of our company that is designed to give us greater flexibility to serve our readers and advertisers in a very difficult period. With that announcement comes the creation of the News Business Unit, including the print and digital properties of the TIME Group, the FORTUNE/MONEY Group, the SPORTS ILLUSTRATED GROUP, as well as LIFE.com and GEE. We will be organizing ourselves along functional lines under three executives:
Mark Ford will lead advertising sales and marketing for the group as President and Group Publisher. All publishers will report to Mark as well as advertising and marketing executives. In addition, public relations and our conference division will report to Mark. He will have a dotted line relationship to Stephanie George and will represent the group on Stephanie