Time Inc senior executive denies IPC is up for sale

Evelyn Webster, executive vice president of Time Inc's lifestyle group, has denied long-running speculation that the company is considering the sale of the UK magazine unit, which houses titles such as NME, Marie Claire and Look, confirming "IPC is not being sold".

Evelyn Webster: executive vice president of Time Inc's lifestyle group
Evelyn Webster: executive vice president of Time Inc's lifestyle group

Webster, the former chief executive of IPC, has been given overall responsibility for IPC as part of a restructure at Time Inc.

She will take control of IPC, in addition to her role as vice president of Lifestyle Group at Time Inc,

Sylvia Auton, the current chief executive of IPC will continue in her role but will now report directly into Webster.

Auton previously reported into Laura Lang, chief executive of Time Inc.

IPC and Time Inc's lifestyle division, which houses titles such as Cooking Night, Southern Living, and Coastal Living, have long been seen as a possible sales target but Webster has rebuffed this suggestion.

Webster told Media Week: "No, IPC is not being sold. IPC is a core part of Time Inc's business."

The restructure comes amid a series of changes at the company, including the promotion of Paul Caine, chief revenue officer, to the role of group president.

Webster said: "The changes announced, giving me responsibility for IPC, is to ensure that IPC benefits from the many new initiatives that Time Inc is investing in around next generation products and services, products and solutions, new consumer products and services, new technology and partnerships."

Webster rose to the position of chief executive at IPC before being promoted to a senior executive role at Time Inc in January 2011.

She was originally appointed to the role of chief executive at IPC Media in 2008, when she replaced Sylvia Auton.

Previously, she was managing director of IPC connect, IPC's women's weekly division.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Managing director Paul Hayes to leave News UK after 15 years

Managing director Paul Hayes to leave News UK after 15 years

Paul Hayes, the managing director, commercial of News UK, is leaving the publisher of The Times and The Sun after 15 years.

Share
Vizeum on alert as 21st Century Fox review includes £150m European media

Vizeum on alert as 21st Century Fox review includes £150m European media

Twenty-First Century Fox, the film and home entertainment company, is including its £150 million European media planning and buying duties in a complete overhaul of its global media strategy.

Share
AOL's Graham Moysey on why we need to invest in people to evolve

AOL's Graham Moysey on why we need to invest in people to evolve

At college I once read a quote from Aristotle that has stayed with me to this day - "The one exclusive sign of thorough knowledge is the power of teaching".

Share

Get news by email