The editor-in-chief of Time magazine is stepping down, effective immediately, following a long tenure with the publication. Time Inc. announced the departure of Nancy Gibbs after 32 years with the magazine.
Gibbs will stay on as editorial director of Time Inc. through the end of the year, The New York Post reports.
“Gibbs is a best-selling author who has the most Time cover stories — more than 100 — of any writer in its 94-year history,” The Post reports. “The first female editor of the newsweekly, Gibbs has overseen Time during a particularly tumultuous period. While she has aggressively pushed Time.com, the core print product has seen profits wither to nothing.”
The report adds: “Time’s digital traffic peaked at 41.2 million in January in the wake of President Trump’s election — with the election of Donald Trump in January, but was down almost 20 percent, to 33 million, as of July, according to comScore.”
The report also notes: “During Gibbs’ reign at the top, the parent company, Time Inc., in 2014, spun itself off from Time Warner and then, earlier this year, went through a reluctant effort to entertain offers to sell itself. That effort earlier this year saw the publisher rebuff the interest of Edgar Bronfman Jr. and others — before deciding to go it alone.”
Other weekly newsmags have also made big adjustments, with The Post noting that Newsweek “stopped putting out a print edition altogether — then was sold to new owners at IBT Media, which revived a small press run weekly to augment the digital operation.” US News & World Report, meanwhile, “once a formidable No. 3 in the category, long ago skipped the weekly run in favor of monthly specials highlighting things like best colleges and best hospitals,” the report adds.