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AdMedia promotes Klingensmith to managing director

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New York—Michael Klingensmith has been promoted to managing director of advertising and media investment bank AdMedia Partners. He had been a senior adviser to AdMedia since April. Previously, Klingensmith spent 31 years at Time Inc., where he served as general manager of Time worldwide, circulation director of four magazines, and as Time's group circulation director. He was the founding publisher and president of Entertainment Weekly and president of Sports Illustrated.
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