If all of this sounds like an inexpensive pursuit with high ad-grab potential, Moss doesn't dispute it (although he insisted it will be nothing like its prospective competitor, The New York Times' advertising driven T). "I hope it's good for advertising, and it's not going to be very expensive to produce, but we will take our money and spend it on beautiful design," he said. "It will not look like a supplement. It will look like a beautiful magazine." — Irin Carmon
ABOUT TIME: Time Inc. on Monday made two major moves in its corporate ranks: Howard Averill was named chief financial officer, while Mitch Klaif was appointed the publisher's senior vice president, information technology. Time Inc. had not had an official cfo since Richard Atkinson, who left the company in December 2005 during a corporate reorganization where 105 executives were let go. Since that time, Howard Rosen had been acting cfo in addition to his role as controller. Averill joins Time Inc. from NBC Television Group, where he was executive vice president and cfo. He takes his new position June 6. Klaif, meanwhile, was promoted from vice president of Global Magazine and Digital Technology and replaces Paul Zazzera, who is leaving the company. — Stephanie D. Smith




