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- FROM THE MANAGING EDITOR, Page 7
-
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- This space is usually reserved for the publisher of TIME, but
- on occasion I take the liberty of borrowing it. This is one such
- occasion. I'm very pleased to introduce our new publisher,
- Elizabeth P. Valk. She succeeds Robert L. Miller, who will be
- moving to California as president of Time Publishing Ventures,
- parent organization of the Time Inc. magazines that are not
- based in New York City.
-
- The relationship between TIME's publisher and managing
- editor is very special. They are equals, with the publisher
- being responsible for the magazine's financial well-being and
- the M.E. for its editorial content and quality. We usually refer
- to this division, in which neither lightly intrudes on the
- other's responsibilities, as "church and state." The separation
- is anything but a source of divisiveness. Instead, it serves as
- proof that good fences make good neighbors, enabling publisher
- and managing editor to work as partners toward common goals.
- That mutual trust is one of the pillars of the success that Time
- Inc. magazines have enjoyed; it is essential for TIME as the
- magazine faces the challenges of journalism in the '90s.
-
- Lisa Valk, 41, knows TIME well. This will be her third
- tour with the magazine; as she said the other day, "It's almost
- like coming home." A native of Winston-Salem, N.C., she studied
- political science at Virginia's Hollins College, where she
- proudly serves as a trustee. After working as a hospital
- administrator in Boston, she enrolled at Harvard's Graduate
- School of Business Administration and in 1979 joined TIME's
- circulation staff. Six years later, after stints with two of our
- sister magazines, FORTUNE and SPORTS ILLUSTRATED, she returned
- to TIME as circulation director, where she helped ensure that
- TIME maintained the number of subscribers that it guaranteed to
- advertisers. On the strength of her strong performance in that
- job, Valk was named publisher of LIFE in 1986 and then of PEOPLE
- in 1988. She is the first executive to have served as publisher
- of three Time Inc. magazines.
-
- We will miss Bob Miller's hand at the business helm. In
- his four years at TIME he brought intelligence and vigor to the
- magazine's worldwide activities, demanding the best of us all.
- I'm delighted to have Lisa as my new partner.
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- -- Henry Muller
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