/// New Time Inc. CEO Jack Griffin Now Former Time Inc. CEO [MediaMemo]
Time Warner is pushing out the head of its Time Inc. publishing unit after just months on the job. Time Warner CEO Jeff Bewkes, who hired former Meredith magazine head Jack Griffin in August , has now let him go. “I concluded that his leadership style and approach did not mesh with Time Inc. and Time Warner,” Bewkes writes in a companywide memo. Bewkes hasn’t announced a replacement, and says that in the interim, a troika of Time Inc executives — which notably includes Time Inc. editorial head John Huey — will run the business and report to him. Griffin lasted less than six months on the job, so there’s going to be a lot of well-deserved scrutiny into Bewkes’ decisions to hire, then fire him so quickly: Does Bewkes get credit for getting rid of Griffin early, or penalized for bringing him aboard in the first place? Or both? The early word from Time Warner and Time Inc. employees is that Griffin’s employees were extremely unhappy under his tenure, and that the company was facing the possibility of losing valued employees. One example of a move that didn’t win him any fans at the tradition-bound publisher: Placing his name first on the masthead of its monthly magazines — and requiring weekly magazines, which hadn’t traditionally run mastheads, to start publishing them. The move supposedly cost Time Inc. millions in lost ad revenue, but it’s hard to see that being a firing offense; I note it only because it was one of the first complaints I heard about Griffin after the news broke this evening. More worrisome: One Time Inc.
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New Time Inc. CEO Jack Griffin Now Former Time Inc. CEO [MediaMemo]