Time Inc Shuffles Execs as Stock Drops to New Low

New York Post: As its stock price slumped to an 18-month low, Time Inc. unveiled some executive-level changes aimed at boosting revenue. EVP Evelyn Webster is expected to move the sports group into the same division as People and Entertainment Weekly. Also, the People group hired Bruce Gersh as SVP of strategy and business development, looking for brand extensions and strategic partnerships.