TIME Editor-in-Chief and CEO Edward Felsenthal despatched the next word to employees on Monday:
Pricey all,
This month marks 4 years since Marc and Lynne Benioff turned TIME’s house owners and I took on the joint position of Editor in Chief and CEO. What an unbelievable journey we’ve been on since then–working collectively as Founders to launch this wonderful model into its second century. At present, due to this unbelievable workforce and the dedication of our house owners, we’re a very totally different firm than we have been in November 2018.
We’ve vastly expanded our editorial influence and our enterprise success. We’ve gone from income decline to sustained income development. We’ve remodeled from an organization constructed largely round print to a diversified media firm with a movie and TV studio that’s generated greater than $100 million in income and introduced our Emmy complete as much as 17 nominations and 4 wins; a world occasions enterprise that didn’t exist earlier than and now brings in eight-figure income; an award-winning branded content material studio; a web3 neighborhood that’s the business chief; our newly acquired website-building platform, TIME Websites; our C02 sustainability division that may assist information firms to web zero and nature-positive; and extra. Our journalism travels the globe reaching 100 million individuals throughout all of our channels, and our journal stays the one largest U.S. print title in information with 1.3 million subscribers.
As we proceed our development, I’m excited to let you recognize that Jessica Sibley, an impressive media govt who has constructed her profession main international income groups, will be a part of us as CEO on Nov. 21. I’ll proceed as Editor in Chief and tackle the position of Government Chairman. I’m thrilled to return my main focus to our content material, and to assist Jess and the corporate as we proceed to develop the model and the enterprise.
And I’m trying ahead to all of you assembly Jess, who has an distinctive fame as a pacesetter of groups and driver of development. She joins us from Forbes the place she was most just lately Chief Working Officer, answerable for all income and operations. She led Forbes to consecutive years of document income outcomes and launched many modern merchandise.
On a private word, I’ve identified Jess for the reason that early ‘00s, once we labored collectively at The Wall Road Journal launching new merchandise. She was then and has remained since some of the modern media executives I’ve labored with in my profession. I’ve watched with admiration as she went on to grow to be writer of Bloomberg BusinessWeek and rise to main management positions at media firms together with Conde Nast and Forbes.
Please be a part of me in congratulating Jess and welcoming her to TIME.
Finest,
Edward
For extra data, learn the Press Launch: TIME Names Jessica Sibley as Chief Government Officer.
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