Time Inc Closing In on Naming President of People, EW

New York Post: Insiders said that Time Inc. CEO Joe Ripp has zeroed in on a candidate to take the new post of president of People and Entertainment Weekly and that an announcement will come “very soon.” The post is seen as a vital one within Time Inc. People is responsible for 20% of the revenues and a larger share of Time Inc.’s profits. But the magazines have struggled on the advertising and circulation front for a year or more. Said one source: “Ripp needs People to be a grand slam.”