Within a few weeks time, Nancy Gibbs of Time (32 years at that magazine), Elle’s Robbie Myers (16 years), Graydon Carter of Vanity Fair, and Glamour’s Cindi Leive (17 years) announced they were leaving their posts. None of them seemed to have real plans, save Carter’s decision to live and drink wine in France for awhile.
They also share this: all of them are in the old-to-really-old age range, they all pulled down a $1MM or more (Carter at $2MM) and every single one of their magazines is tinier and less profitable than its ever been.
Keith Kelly (no spring chicken himself) piles on even more grim stats in his article, heralding the end of days for the “celebrity editor.”
Meanwhile, back at Time Inc., we are undergoing a months-long McKinsey operations review and launching new revenue streams like PetHero, a program where for $20 a month, members can get, in addition to pet toys and products, discounts on health care for pets.
Which sounds to me like a final death knell for editors, those of us left.