• Ad Age, Wednesday, December 14, 2005 11:04 AM

Ann S. Moore, chairwoman-CEO of Time Inc., announced a reorganization yesterday that entailed the dismissal of 105 employees, many of them senior managers at the company. Among those leaving the Time Warner unit: Jack Haire, exec vice president of the corporate sales and marketing group; Richard Atkinson, exec vice president of the news and information group; David Kieselstein, president of the parenting group; and Steve Bueger, vice president of sales and marketing, corporate sales. The move by Moore was seen by some as an effort to maintain profitability at a time when future revenue remains uncertain. There's no evidence that the moves were a reaction to corporate raider Carl Icahn, who's been claiming that Time Warner's operating units have not always operated as efficiently as they should. Moore said yesterday that Time Inc. will have another record year in 2005. Ad revenues will be up $100 million, she wrote in a memo. Total revenues will increase by $225 million.

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