Publishing Management Changes Announced at Time Inc.; New Publishers Named at Sports Illustrated and Entertainment Weekly; New Cluster of Magazines Formed NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- Time Inc. Chairman & CEO Ann Moore announced some major executive appointments at the company today. Fabio Freyre was named Group Vice President, Corporate Sales & Marketing. He had been Publisher of Sports Illustrated. Succeeding Freyre as Sports Illustrated's Publisher is Dave Morris, who was Publisher of Entertainment Weekly. Paul Caine will be Entertainment Weekly's new Publisher; he had been Publisher of Teen People. Cathy O'Brien, most recently Vice President and General Manager of Entertainment Weekly, will be taking on a new role as Group Publisher of the newly established Growth Markets Group, which will comprise Teen People, People en Espanol, Time For Kids, Sports Illustrated for Kids, gathering the company's expertise in youth and ethnic markets. Moore said, "What distinguishes Time Inc. from its competitors is the diversity of its titles and the depth of its talent. This advantage enables us to consistently have the right resources in the right places at the right times to ensure the company's continued growth, which is why I'm particularly delighted to announce these new appointments." In his new position at Corporate Sales and Marketing, Freyre, 42, will oversee the corporate sales force, working with Time Inc.'s largest advertisers. According to Time Inc. Executive Vice President Jack Haire, "Fabio's longstanding relationship with major marketers and his innate feel for their marketing needs is bound to pay large dividends-for them and us." In this new capacity, Freyre will spearhead the development of a men's network initiative that will involve working with all Time Inc. titles (including Time4 Media's and the business magazines) that primarily appeal to a male audience. As part of this effort, he will work with advertising clients to develop new strategies to deliver the elusive 18-34 year-old males, currently deserting t.v. in droves. During his 15-years with Time Inc., Freyre has held several senior sales positions at Sports Illustrated. He graduated from Hamilton College in 1983 with a B.A. degree. He and his wife, Amy, live in New Canaan, Conn., with their six children. Former Entertainment Weekly Publisher Morris brings an impressive track record to his new post as SI Publisher. "Dave is a savvy, strategic publisher, who will fit in well at Sports Illustrated," said Bruce Hallett, President of Sports Illustrated. Prior to joining Entertainment Weekly in 1991, Morris, 43, was a New York division sales manager at People magazine, where he had been a member of the sales staff since 1986. A graduate of St. Anselm College, Morris lives in Westchester with his wife and three children. Entertainment Weekly's new Publisher, Paul Caine, 39, was a leading member of the Teen People launch team. Earlier in his career, he served as People's Associate Publisher. Entertainment Weekly President Andy Sareyan said, "Paul is very comfortable in, and exceptionally knowledgeable and passionate about, the entertainment world. He's an innovative marketer and a superb ad sales executive, who'll make a smooth transition to EW and will do an outstanding job as publisher here." Before joining Time Inc. in September 1989, Caine worked for USA Today and J. Walter Thompson. A graduate of Indiana University with a B.S. in Business Communication, Caine was named to the Telecommunications Alumni Hall of Fame in 2000. He resides in Tenafly, New Jersey, with his wife and their three children. As Group Publisher of the Growth Markets Group, O'Brien, 44, will lead the effort to enable Teen People, People en Espanol, Time for Kids and Sports Illustrated for Kids to benefit from some of the company's best talent and expansive pool of resources. According to Time Inc. Executive Vice President, Nora McAniff to whom she'll report, "Cathy is an accomplished publishing professional. Given her breadth of experience at the company, she is the ideal person to head this new organization." Prior to joining Entertainment Weekly in 1999, O'Brien was Vice President of Business Development at Time Inc. A CPA, she joined Time Inc.'s Corporate Finance Division in 1983 after serving as a senior auditor for two years at Touche Ross. O'Brien graduated from Rutgers University in 1981 with a B.A. degree in Accounting. She and her husband, Steve O'Brien, a broadcaster, reside in Atlantic Highlands, N.J. Time Inc. is the world's leading magazine company, publishing about 130 regular-frequency titles with 300 million readers. Time Inc. is a wholly owned subsidiary of Time Warner Inc., the world's leading media and entertainment company. Contact: Peter Costiglio Time Inc. 212-522-3927 DATASOURCE: Time Inc. CONTACT: Peter Costiglio of Time Inc., +1-212-522-3927

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