NEW HEAD: Newsweek on Tuesday revealed changes to its top ranks: editor in chief and chief executive officer Rick Smith has stepped down from his positions, but will remain chairman of the magazine. Smith has spent 37 years at the company, 24 of them as editor in chief of the newsweekly. Viacom veteran Thomas Ascheim will become ceo of Newsweek Inc. He’s worked at Viacom since 1990, most recently as general manager of Nickelodeon. Ann McDaniel was promoted to managing director of Newsweek Inc. in addition to her duties as vice president of The Washington Post Co. McDaniel also had stints as Newsweek’s managing editor and the Washington bureau chief. Ascheim and Newsweek editor John Meacham will report to McDaniel; she will remain based in Washington. An editor in chief was not named. Finally, Greg Osberg, currently executive vice president, worldwide publisher of Newsweek, will become president of the magazine. He succeeds Harold Shain, who was named ceo of Newsweek Inc.’s Budget Travel. — Stephanie D. Smith
HOUSING WORKS: Vogue Living’s book, “Houses, Gardens, People,” will have to fight for space on bookshelves — both Elle Decor and Architectural Digest are releasing coffee-table books this week. On Thursday, Elle Decor’s “So Chic: Glamorous Lives, Stylish Spaces” hits bookshelves, taking from its archive of celebrity home profiles and including packages with style tips on decorating and entertaining. The book includes a look inside the homes of Donatella Versace, Ricky and Ralph Lauren, Giambattista Valli, Tamara Mellon, Delphine and Reed Krakoff, Cindy Crawford and Sarah Jessica Parker.
“We hadn’t done a book in a while,” said Margaret Russell, editor in chief of Elle Decor. “We wanted to do a compilation of one kind of story — being international fashion for the home. [This brings together] the worlds of fashion and style, or design stories that have a more fashionable spin to them.”