(NEW YORK, NY, JULY 10, 2017)—Time Inc. (NYSE: TIME) today announced that Norman Pearlstine, Vice Chairman, will retire from the company on July 17, 2017. Pearlstine, 74, has been Time Inc.'s Vice Chairman since July 2016, having served as Executive Vice President and Chief Content Officer since October 2013, when he returned to Time Inc. to work on its spinoff from Time Warner. He previously served as Time Inc.'s Editor-in-Chief from 1995 through 2005.
“When I moved from Chief Content Officer to Vice Chairman a year ago, it was understood that this would be a natural bridge to my retirement a year later,” explained Pearlstine. “I’m grateful and proud to have spent 14 years at one of the most influential and storied media companies. I have great confidence in the leadership of Rich Battista, Jen Wong and Alan Murray and in the work they and their teams are doing to move Time Inc. forward. I look forward to seeing the positive results of all their work."
Rich Battista, President and CEO of Time Inc., said, "On behalf of everyone at Time Inc., I thank Norm for his influential leadership and his significant contributions. He helped break down historical barriers so that now editors can collaborate more closely with business-side colleagues. We will continue to build upon the strong foundation that Norm helped create.”
Following his retirement from Time Inc., Pearlstine plans to advise early-stage domestic and international media firms, including Money.net, where he serves as Chief Information Architect. He also expects to do more writing about geopolitics, government and the media.
Alan Murray, Chief Content Officer of Time Inc. and President of Fortune, commented, "No one can fill Norm’s shoes. He is a giant in the media world. But all of us at Time Inc. will continue to benefit from the steady guidance he has given this organization over the years and from the strong journalistic values he has embedded at its core.”
Prior to rejoining Time Inc. in 2013, Pearlstine was Chief Content Officer at Bloomberg L.P., where he also served as Chairman, Bloomberg Businessweek and Co-Chairman, Bloomberg Government. Previously, he was a Senior Advisor to The Carlyle Group's Telecom and Media team. Pearlstine spent nearly four decades working as a reporter and editor, including a decade as Time Inc.’s Editor-in-Chief. He worked for the Wall Street Journal for 23 years, including eight years as its managing editor and before that as the first managing editor of the Journal's Asian edition and the first editor and publisher of its European edition. He also worked for two years as executive editor of Forbes magazine. After leaving the Journal in 1992, Norm launched Smart Money magazine for the Journal’s parent, Dow Jones & Company, and for Hearst. He then worked as a general partner of FridayHoldings L.P., a multimedia investment company. Pearlstine is the author of OFF THE RECORD: The Press, the Government, and the War over Anonymous Sources, published by Farrar, Straus and Giroux in 2007.
Pearlstine has received numerous honors over the course of his career, including the American Society of Magazine Editors’ Lifetime Achievement Award, the Loeb Lifetime Achievement Award for Distinguished Business and Financial Journalism and National Press Foundation’s Editor of the Year Award. He is co-chair of the Center on Communication Leadership & Policy at the USC Annenberg School of Communications and is on the board of Inside Climate News, a not-for-profit news service. He previously served as President of the American Academy in Berlin and on the boards of the Carnegie Corporation and the Tribeca Film Institute, among others.
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Jill Davison, 212-522-0105, Jill.Davison@timeinc.com