Martha Nelson named to top editorial job at Time Inc

Wed Dec 19, 2012 3:08am IST

Stocks

   

(Reuters) - Time Inc named Martha Nelson its editor-in-chief, making her the first woman to oversee its magazine empire, which includes Time, Sports Illustrated and People.

Nelson, whose appointment was announced by Time Inc Chief Executive Laura Lang on Tuesday, succeeds John Huey effective in January.

Huey is taking a fellowship at Harvard University's Shorenstein Center on the Press, Politics and Public Policy.

"I would venture to say that no single person at Time Inc. has built more value for the company than Martha," Lang said in a memo to staff obtained by Reuters.

"She has a broad understanding of the digital competitive landscape and knows what we need to do to succeed."

Nelson, currently Time Inc's editorial director, is the founding editor of one of its most successful titles, In Style. She has been with Time Inc for 20 years.

Nelson is taking the editorial helm at the largest U.S. magazine publisher as the industry faces unprecedented challenges including a shrinking audience and a decline in advertising revenue.

Like newspapers, magazines are trying to make a transition from print to new products for smart phones and table devices like Apple Inc's iPad.

Time Warner Inc, the parent of Time Inc, reported that revenue for its publishing assets fell 6 percent to $2.5 billion on lower advertising and subscription sales during the nine months ending September.

Newsweek, one of Time's long-time rivals, announced in October it was shuttering its print edition after nearly 80 years and going all digital.

(Reporting By Jennifer Saba in New York)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Top News

REUTERS SHOWCASE

Mideast Conflict

Mideast Conflict

Israel says ready to extend short Gaza truce; death toll crosses 1000.  Full Article 

India-WTO Standoff

India-WTO Standoff

India threatens to derail WTO deal, prompts angry U.S. rebuke  Full Article 

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

IPO Probe Ends

IPO Probe Ends

Facebook says SEC's IPO probe ends, extending WhatsApp closing date  Full Article 

World Stocks

World Stocks

Goldman Sachs downgrades stocks to neutral for short term  Full Article 

Not Wanted

Not Wanted

Hard to see how Russia can ever be let back into G7 club - Canada PM.  Full Article 

Disappointing Results

Disappointing Results

Amazon's far-reaching ambitions, lack of profits, unnerve investors  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage