Time Magazine Editor in Chief Becomes CEO Under New OwnersEdward Felsenthal is taking on the dual role of lead editor and chief executive officer under the new ownership of billionaire Marc Benioff.

[Collection]Edward Felsenthal is keeping his title of editor in chief of Time and adding the title of chief executive officer as the magazine moves into the hands of billionaire Marc Benioff. Felsenthal has been in the lead editor’s role for little more than a year and his remaining in the position after Meredith Corp.’s recent cash sale of Time to Benioff for $190 million seemed assured as he was out in front talking about the deal and what it means for the 95-year-old magazine’s future. But a confirmation of his position under Benioff’s recently closed ownership cements his position and comes with the added title of ceo, the first dedicated one the magazine has ever had. “We are thrilled Edward will continue his outstanding leadership of Time,” Marc Benioff and his wife Lynne, who now serve as co-chairs of the title, wrote in a joint statement. “Under Edward’s leadership, the Time team has achieved strong profitability, created new products and now reaches the largest audience in its history, 100 million people around the world.” Felsenthal, a veteran of news media, said he’s “honored” to continue leading the magazine and alluded to the title’s “ambitions in both the near- and long-term future.” He came

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