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fashion-memopad

Cotillard's Paris Ascent... Making Their Marc... Leaving Money...

Marion Cotillard, who won an Oscar for her portrayal of French songbird Edith Piaf in "La Vie en Rose," was taken high above Paris for her latest role.

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LEAVING MONEY: Eric Schurenberg, the managing editor of Money, was removed from that post Thursday in a move that a memo from John Huey linked to “the sweeping changes our company is undergoing.” It is the highest-level editorial cut made at Money parent Time Inc. since the company said it would restructure and cut several hundred jobs at an estimated cost of around $100 million. The cost will appear in its fourth-quarter earnings statement. Jeff Bewkes, Time Warner’s chief executive officer, said the layoffs will save the company $150 million, beginning next year. A successor to Schurenburg is expected to be named next week, and sources close to the magazine pointed to Schurenberg’s deputy, Craig Matters, as a prime candidate. Schurenburg won a Gerald Loeb award for Excellence in Business Journalism and a National Magazine award for Personal Service, and during the four years he edited Money, the title saw both a redesign and the exits of several top editors.

— I.C.

 

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