Time Inc. (NYSE: TWX) is continuing the restructuring that has started on the sales and marketing side with a few personnel changes in news and sports. The moves come as Jack Griffin settles into the CEO seat after three months since taking over. The magazine publisher has decided to split the News & Sports Group and create two independent departments. The formation of two autonomous groups, one for news, one for sports—with their own separate P&L’s—reflects what insiders say has been a promise by Griffin to elevate news content in light of the perceived greater attention that was given to the Lifestyle and Style & Entertainment segments under the company’s last major reorg two years ago under former CEO Ann Moore, who retired this fall.
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