GRUNER & JAHR EXEC VP LEAVES COMPANY

Was Hired By Ousted Dan Brewster

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NEW YORK (AdAge.com) -- Dan Rubin, executive vice president of Gruner & Jahr Publishing USA, is leaving the company, according to an internal e-mail from new CEO Russell Denson.

Mr. Rubin, a former Time Inc. circulation and financial

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executive, was brought into G&J by Mr. Denson's predecessor, Dan Brewster. Mr. Brewster was ousted earlier this year after revelations G&J significantly overstated newsstand circulation for certain titles and the public relations black eye the company took during a trial with a former business partner, entertainer Rosie O'Donnell.

Last of inner circle
Mr. Rubin, who previously oversaw newsstand operations at G&J before becoming executive vice president, was one of the last members of Mr. Brewster's inner circle to remain at the company. Mr. Brewster's chief marketing officer, Cindy Spengler, left shortly after he did. Larry Diamond, appointed by Mr. Brewster as chief financial officer, remains with the company.

"Dan Rubin recently told me that he wished to pursue other opportunities," Mr. Denson wrote in a brief e-mail dated Aug. 31. "And, after arranging for an orderly transition, we determined together that today would be his last day of employment."

A company spokeswoman declined to comment. Reached at the dog run at Manhattan's Riverside Park, Mr. Rubin said he had no immediate plans: "I am going to take some time and see what I want to do." Executives who reported to Mr. Rubin now report to Mr. Denson, which strongly suggests his position will not be filled. Mr. Rubin said he didn't know if the company would seek a replacement.

'Top-down changes'
In early August Mr. Denson informed G&J staffers the company needed to cut around $12 million through "'top-down changes,' which are about finding ways to do more with less people." He set a benchmark of cutting 15% of employee-related costs.

G&J's annual revenue is around $400 million, executives familiar with the company said.

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