Edward Felsenthal
Edward Felsenthal

Time magazine is keeping Edward Felsenthal on as editor-in-chief and is adding CEO to his job title. Felsenthal said that the magazine expects to hire 60 people, including 30 new editorial staffers plus executives in charge of revenue, technology and human resources. He also affirmed Time’s commitment to remaining a print publication. The magazine was purchased from Meredith by Salesforce CEO Marc Benioff and his wife, Lynne, in a $190 million deal that closed last week. Time’s connections with its previous owner will remain, however. The deal struck for the magazine included an arrangement for Meredith to keep on printing and distributing it. 

Kara Swisher
Kara Swisher

Tech website Recode is being folded into Vox.com, whose parent company Vox Media purchased the site in 2015. Recode is expected to relaunch on Vox in early 2019. Dan Frommer will be leaving his post as editor of the site, but Recode founder Kara Swisher will remain a part of the company. According to the Wall Street Journal, the site drew 1.36 million unique viewers in September 2018, down 50 percent from 2.77 million unique viewers in September 2017. However, the other parts of Recode’s business—its podcasts, newsletters and conferences—have seen an uptick in their audiences, according to a Vox Media spokeswoman. In a piece on Recode, Swisher said that the site plans to “invest in more writers, more resources, more editorial reach with a more ambitious editorial vision.”

Quad

Quad Graphics has acquired LSC Communications in an all-stock transaction valued at $1.4 billion. The move is the latest in a wave of printing industry consolidations that have greatly reduced the number of options that publications have. Quad and LSC rank No. 2 and 3 on Printing Impressions’ 2017 list of the 400 top printers serving the United States and Canada, trailing only printing conglomerate RR Donnelley. LSC, which serves the catalog, book and magazine printing space, was spun off from Donnelley in 2016. Quad says that the merger will bring about a series of “business efficiencies” that will result in $135 million in savings in less than two years.