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Time Inc. cuts 105 employees, including several executives

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New York—Time Inc. on Tuesday slashed 105 employees from its rolls, including some highest-ranking, longtime publishing executives, according to a report by AdAge.com, a sibling Web site of BtoBonline.com. Among those losing their jobs are Jack Haire, exec VP in charge of corporate ad sales; Richard Atkinson, exec VP in charge of the news and information group; Eileen Naughton, president, Time magazine; David Kieselstein, president, the parenting group; Fred Poust, who ran corporate ad sales under Haire; and Steve Buerger, who also worked in corporate sales. The move was part of another reorganization by Ann S. Moore, chairwoman-CEO, Time Inc., who is under heavy pressure to keep Time Inc.'s numbers growing amid an uneven and hard-to-predict ad market. Moore named Nora McAnniff, exec VP-women, entertainment and luxury group, and John Squires, exec VP-sports and leisure group, to serve as co-chief operating officers, the first in the company's history. Robin Domeniconi, who had been president and publisher of Time Inc.'s runaway success Real Simple, was named to handle corporate sales and marketing, reporting to McAnniff. Steve Sachs, from consumer marketing, was named to succeed Domeniconi at Real Simple. Andy Sareyan was removed from his post as president of Entertainment Weekly, to be succeeded by David Morris, who had been publisher of Sports Illustrated and was previously publisher at Entertainment Weekly. Cathy O'Brien, who had overseen the growth markets group, was removed from that post. Growth market titles Teen People and People en Espaňol are returning to oversight by People itself; All You, the third and last title in the growth group, will report to Life magazine. Sareyan and O'Brien are talking to Time Inc. about potential new roles there. —Ann Marie Kerwin
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