Time has appointed Jessica Sibley, former chief operations officer at Forbes, as its CEO. Edward Felsenthal is still editor-in-chief, but Sibley takes over as the executive chairman.
Sibley, according to a statement made publicizing the move, has a long history “leading global revenue teams, launching innovative new initiatives and products, and driving significant growth for major media brands.” Those brands include The Wall Street Journal, Bloomberg, Condé Nast and Forbes, “where she has contributed to record revenue growth over eight consecutive years”(Again, as per the official release).
Felsenthal had been Time’s top editor since 2017 and took on the additional role of CEO in 2018 when Time became an independent company under the ownership of Marc and Lynne Benioff (it had previously been owned by the American media conglomerate Meredith Corporation). Felsenthal will be “leading editorial, creative and content strategy for the brand across all of its global platforms and emerging initiatives.”
Felsenthal stated in a Monday letter to the staff that he believed part of this: “On a personal note, I’ve known Jess since the early ‘00s, when we worked together at The Wall Street Journal launching new products. She was then and has remained since one of the most innovative media executives I’ve worked with in my career. I’ve watched with admiration as she went on to become publisher of Bloomberg BusinessWeek and rise to major leadership positions at media companies including Conde Nast and Forbes.”
Time Magazine started in 1923 (it’s about to celebrate its centennial) and up until 2020 was a weekly news magazine, published like clockwork. It is now published twice per month, with more digital content. It has recently established six new divisions, including a film and TV division and a business for live events.
