TIME INC. NAMES HENRY LUCE 3D PUBLISHER OF FORTUNE MAGAZINE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88-01314R000300180083-3
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: October 7, 2004
• Sequence Number: 83
• Publication Date: January 19, 1968
• Content Type: NSPR

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Approved For Release 2004/JAf81:I DP88-01314R000300180083-3
Time Inc.. Names Henry Luce 3d
Publisher of Fortune Magazine.
The board of directors of
Time 'Inc. announced yester-
day the election of Henry Luce
3d as publisher of Fortune mag-
azine, effective April 1.
Mr. Luce will succeed Arthur
W. Keylor, who was appointed
to a new position in corporate
management with responsibility
to supervise five major opera-
tions.
.The board also announced
a realignment of the company's
international operations. This
move, in effect, abolishes Time
Life International. For the last
22 years this division of Time
Inc. has been responsible for
publishing operations abroad.
In an announcement to the
Time staff, Andrew Heiskell,
board chairman, and James A.
Linen, president, said:
"In the belief that we are a
'world' corporation rather than
a United States corporation
with an export division, the
major operating departments of
Time-Life -. International-name-
ly, Time International, Life In-
ternational and TLI Books-
will be integrated into the
parent publishing division:
Time, Life and Time-Life Books.
"TLI .managing director
Charles B.? 'Beam who "has
(guided TLI's remarkable and
(continuous growth in volume
I and profits in recent years, be-
comes vice president-interna-
tional and, as a member of
corporate management, will ex-
ercise final authority over all
corporate international mat-
ters."
The announcement added that
Donald M. Wilson, TLI general
manager, would become asso-
ciate publisher of Life maga-
zine, acting as deputy to Je-
rome S. Hardy, publisher of
Life.
In connection with Mr. Key-
lor's new position, Time Inc.
said these persons would re-
port to him: John Hallenbeck,
vice president of the produc-
tion department'. and subscrip-
tion service department; Ros=
well Fisher, president of Print-
ing Developments, Inc., a Time
Inc. subsidiary that develops
and-markets new products for
the graphic arts; Clarke Matti..
more, president' of Selling
Areas-Marketing, Inc., a sub-
sidiary that provides food
manufacturers . with informa-
tion on the 'movement of their
products on a. market-by-mar-
ket basis, and Harlan Ander-
son,. director. of_ . technology of
Time Inc; .. ,
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