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

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.