DON LOGAN NAMED PRESIDENT OF TIME INC.
DON LOGAN NAMED PRESIDENT OF TIME INC. NEW YORK, June 9 /PRNewswire/ -- Don Logan has been named president
and chief operating officer of Time Inc., it was announced today by Reginald K. Brack, Jr., Time Inc.'s chairman and chief executive officer. Brack previously also held the president's title. Logan is the president and chief executive officer of Southern Progress Corporation.
Located in Birmingham, Alabama, Southern Progress Corporation publishes Southern Living, Progressive Farmer, Cooking Light, Southern Accents and Travel South magazines and Oxmoor House books. It is the largest regional magazine and book publishing company in the country and is a wholly-owned subsidiary of Time Inc. As president of Time Inc., Logan's direct focus will be on the company's New York-based magazines (Time, Fortune, Life, Sports Illustrated, Money, People, Sports Illustrated For Kids and Entertainment Weekly). The book division, Time Publishing Ventures, and the New York magazines, through Logan, will continue to report to Brack. In making the announcement, Brack said: "Don Logan is eminently qualified to take on this important new role. His experience, expertise and energy will be invaluable as we work together with our colleagues to move these businesses forward." Brack added: "Time Inc. is now a company with over $3 billion in revenues and more than fifty different product lines or profit centers. It's also involved in a great variety of joint ventures and development activities. Given its size and scope, coupled with our plans to grow the many Time Inc. businesses, the naming of a senior executive to work with me in running the overall enterprise is appropriate." Logan said: "Time Inc. has some of the most powerful, important and respected franchises in magazine and book publishing. It's a great honor to be named president of a company which, given its journalistic tradition, not only makes a difference in the world, but also stands for excellence in its field." Brack also announced that S. Christopher Meigher, III, president of the New York Magazine Division of Time Inc., is resigning from the company. Brack said: "Chris has made many important contributions to the company in a variety of executive positions. He leaves with the very best wishes of his colleagues at Time Inc." Logan, 48, has been chairman and chief executive officer of Southern Progress Corporation since 1986. Under his leadership, SPC's substantial magazine and book publishing operations, which generate some of the highest profit margins in both the magazine and book industries, have flourished. For the last two years, Logan also has served as chief operating officer of Time Publishing Ventures. Having joined Southern Progress in 1970, Logan and his colleagues built Oxmoor House into one of the fastest-growing and most profitable book publishing operations in the world. He then took on the formidable assignment of increasing both the editorial quality and commercial vitality of the nation's largest and most profitable regional magazine, Southern Living. Besides presiding over the successful launches of three new SPC magazines, Logan was intimately involved in Time Inc.'s acquisition of Sunset. Logan, a native of Hartselle, Alabama, graduated magna cum laude with a degree in mathematics from Auburn University and earned a master's degree in mathematics from Clemson University. He also worked on a doctoral degree in mathematics at Clemson. After joining Southern Progress as a data processing manager in 1970, he was promoted to vice president and general manager of the computer division, Akra Data, in 1972. In 1978, he was named president of Oxmoor House, the book publishing division of the company. In 1984, Logan was promoted to executive vice president of Southern Progress. Logan is a trustee of Samford University in Birmingham; a member of the President's Council at the University of Alabama in Birmingham; on the executive board of the Regional Boy Scouts of America, and a director of the Birmingham Chamber of Commerce. In addition, he is co- chair of the Civil Rights Institute in Birmingham. Logan is married to the former Sandra Tuten. They have two children, Jeff, 22 and Stan, 21. Time Inc., America's largest magazine publisher and a leading marketer of books, music and videos, is a wholly owned subsidiary of Time Warner Inc. (NYSE: TWX). Time Warner is the world's leading media and entertainment company, with interests in magazine and book publishing, recorded music and music publishing, filmed entertainment, cable television and cable television programming. -0- 6/9/92 /CONTACT: Peter Costiglio, 212-522-3927, of Time/ (TWX) CO: Time Inc. ST: New York IN: PUB SU: PER
TQ -- NY056 -- 8461 06/09/92 15:54 EDT
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|Date:||Jun 9, 1992|
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