Four days after Salesforce.com Inc. co-founder Marc Benioff and his wife Lynne Benioff closed on their purchase of Time magazine from Meredith Corp., the new owners named Edward Felsenthal chief executive of the publication and said he would continue as editor in chief. Mr. Felsenthal, 52 years old, will oversee all of Time’s editorial and business efforts, including advertising. The magazine industry has been buffeted by declining print advertising revenue and newsstand sales and is trying to make up for those declines by...

Source: Wall Street Journal November 05, 2018 15:45 UTC