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Time Inc. (TWX) taps Jack Griffin, an executive with Meredith (MDP), as its CEO and eventual...

Time Inc. (TWX) taps Jack Griffin, an executive with Meredith (MDP), as its CEO and eventual chairman to replace retiring Ann Moore. The changeover comes at a challenging time for magazines facing shortfalls in readers and advertising, and in the wake of Time competitor Newsweek's sale to stereo tycoon Sidney Harman.
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