The Fortune|Money Group Announces New Sales Organization
A new sales organization for Time Inc.’s business and finance titles was announced today. The group previously named Time Inc. Business and Finance Network, which includes Fortune, Money and Fortune Small Business magazines and the website CNNMoney.com, will be re-branded as the Fortune|Money Group. The announcement was made by Fortune|Money Group President Vivek Shah.
As part of the reorganization, a new executive position will be created that will be responsible for all print and digital advertising revenue across the Fortune|Money Group. A search will be conducted to fill this key role, which will report directly to Shah.
In addition, Hugh Wiley and Brett Wilson are named Publishers for Fortune and Money respectively. As Publishers, Wiley and Wilson will be responsible for advertising sales and brand marketing for the magazines. The print advertising sales team will report jointly to Wiley and Wilson, and individual account executives will continue to represent all three magazines.
Alan Ives joins as SVP, Sales, CNNMoney.com, responsible for all digital advertising revenue. The digital advertising sales team will report to Alan.
The digital and print sales teams will continue to work closely together to provide clients with fully-integrated, cross-platform advertising solutions, tapping into the Fortune|Money Group’s Integrated Marketing organization.
Shah said, “Our goal was to simplify our sales structure for the marketplace. By installing Publishers, we’ll strengthen our already market-leading brands, while continuing to offer advertisers a single point-of-contact across our magazines. In addition, by maintaining dedicated print and digital sales team, we’ll have experts in each medium to work with our advertisers. A single head of all advertising will ensure we offer our clients the best print, digital and integrated solutions in the industry.”
Background on Hugh Wiley
Hugh Wiley most recently served as the Group Associate Publisher of The Time Inc. Business and Finance Network. Prior to that, he was Publisher of Fortune Small Business since 2002. Wiley joined Time Inc. in 1985 in its Corporate Training Program and also worked briefly in Magazine Development. He held several domestic and international sales director positions at Time magazine before being named Time’s International Advertising Director in 1993 and Publisher of Time Latin America in 1996. In 1998 he was named President of Time Inc. Latin America. In his last position before joining Fortune Small Business, he was an Executive Vice President of Time Inc. International overseeing marketing, sales and new media for the company’s international titles.
Background on Brett Wilson
Brett Wilson was previously the Associate Publisher/North America for Time magazine where he was responsible for all of Time’s U.S. sales revenue as well as that of Canada. In Canada he was also responsible for advertising sales for other Time Inc. titles. Previously, Wilson was Group Associate Publisher at the Time Inc. Business and Finance Network. Prior to that, he was Associate Publisher at Money magazine since early 2005. He also previously held positions at Sports Illustrated in Atlanta, Time in Los Angeles and Detroit, and Southern Living magazines.
Background on Alan Ives
Alan Ives joins Time Inc. from ABC where he served as the Vice President of ABC Digital Media Sales. Prior to working at ABC for four years, he spent five years at Microsoft Corporation where he oversaw regional sales for MSN and national sales for MSNBC.com. Ives also held sales management and marketing jobs with Sony Corporation, Turner Broadcasting and The New York Times, among others. He has more than 20 years in advertising, sales and marketing experience, including more than 13 years in digital sales positions, eight of which in sales management.
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