Publishing industry veteran Norman Pearlstine is retiring from Time Inc. this month, after which he plans to work as an adviser for early-stage media firms, the company announced Monday.
Pearlstine, 74, has been Time Inc.’s vice chairman since July 2016, having served as EVP and chief content officer since October 2013, when he returned to Time Inc. to work on its spinoff from Time Warner. From 1995 through 2005, he served as Time Inc.’s editor-in-chief.
“I’m grateful and proud to have spent 14 years at one of the most influential and storied media companies,” Pearlstine said in a statement.
Pearlstine’s departure comes as Time Inc. struggles in its transition to a digital-centric enterprise. Last month, the media and publishing company cut 300 jobs after Time Inc. pulled out of discussions with potential acquirers.
CEO Rich Battista, who took the reins last fall, said Pearlstine “helped break down historical barriers so that now editors can collaborate more closely with business-side colleagues. We will continue to build upon the strong foundation that Norm helped create.”
Pearlstine officially exits Time Inc. on July 17, 2017. His projects will include advising companies including Money.net, where he serves as chief information architect. In addition, according to Time Inc., Pearlstine expects to do more writing about geopolitics, government and the media.
Before he rejoined Time Inc. in 2013, Pearlstine was chief content officer at Bloomberg and served as a senior adviser to the Carlyle Group’s Telecom and Media team. Pearlstine’s nearly four-decade career in publishing included working at the Wall Street Journal for 23 years, including eight years as its managing editor. He also worked for two years as executive editor of Forbes magazine. After leaving the Journal in 1992, Pearlstine launched Smart Money magazine before working as a general partner of FridayHoldings, a multimedia investment company.