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)

  • Most Popular
  • Most Shared

Reforms Plan

REUTERS SHOWCASE

Border Talks

Border Talks

India names Ajit Doval as special envoy for China border talks.  Full Article 

WTO Deal

WTO Deal

U.S. seeks to step up India trade talks  Full Article 

Phone Masts

Phone Masts

American Tower to buy Bharti Nigeria phone masts for $1.1 billion  Full Article 

Infrastructure Plan

Infrastructure Plan

India targets private cash to build railways to its ports.  Full Article 

Shadow Banking

Shadow Banking

Reserve Bank planning more measures for NBFCs.  Full Article 

Auto Sector

Auto Sector

Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets  Full Article 

Oil Prices

Oil Prices

Some fund managers see oil falling to $60 without OPEC cut.  Full Article 

Project Shelved

Project Shelved

Jindal Steel shelves $10 bln project after coal setback.  Full Article 

Market Eye

Market Eye

Sensex, Nifty rise to record after China, ECB stimulus boosts risk appetite.  Full Article 

Reuters India Mobile

Reuters India Mobile

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