RETIREMENTS LEAD TO EXECUTIVE SHIFTS AT TIME INC.

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(June 25, 2001) -- With the July retirements of three high-level Time Inc. executives, Time Inc. Chairman-CEO Don Logan shuffled his top executives in a way that looks to leave Ann Moore, president of the People/In Style Group, on the inside track to succeed Mr. Logan, who is 57.

The retiring executives are Dave Long, 55, president of media sales and marketing; Lisa Long, 51, executive vice president, and Jim Nelson, 62, also executive vice president.

Ms. Moore, 51, who along with Sports Illustrated President Mike Klingensmith, 48, and Fortune Group President Jack Haire, 49, gained the title of executive vice president, will now oversee Time and have Time President, Bruce Hallett, 51, report to her. Previously, Mr. Hallett reported to Mr. Logan.

Ms. Moore also added responsibility for Time Inc.'s consumer marketing department, which handles circulation. Earlier this year, Ms. More added oversight of Time Inc.'s Parenting Group to her portfolio.

Mr. Klingensmith, who is the company point man for the Time4 Media titles acquired last year in the wake of last year's Times Mirror Magazines deal, now has Entertainment Weekly, American Express Publishing and the Law Department on his plate as well. (Ad Age had previously incorrectly reported that Ms. Moore was expected to add the American Express titles to her portfolio.)

Mr. Haire, with his Fortune Group fresh from finally finishing the deal for Imagine Media's Business 2.0, will replace Mr. Long, 55, as head of media sales and marketing, and will hold Time Inc.'s seat on the AOL Time Warner Advertising Council, which is the nerve center for the conglomerate's cross-media ad deals.

Tom Angelillo, 48, president-CEO of Southern Progress -- Mr. Logan's alma mater -- adds responsibilities for Time Life Inc., formerly overseen by Mr. Nelson. Ms. Moore, Mr. Klingensmith, Mr. Haire and Mr. Angelillo will continue to report to Mr. Logan. In addition, Richard Atkinson, 41, executive vice president and CFO, will additionally oversee production and human resources. -- Jon Fine

Copyright June 2001, Crain Communications Inc.

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