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

|About: Time Warner Inc. (TWX)|By:, SA News Editor

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.