Word: munro
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When J. Richard Munro was named group vice president for video in 1975, Time Inc.'s television and film operations were headed for losses of nearly $3 million that year. "We gave him all the dogs and said, 'Make something of them,' " recalls Chairman Andrew Heiskell. "He managed to pull it off." By the close of 1979, the video group was a smash (pretax profits: $68.5 million), and Dick Munro was executive vice president and headed for the top of Time...
...arrived there last week. Munro, 49, was named chief executive officer and president of the diversified communications and forest products company. He will take over on Oct. 1, the date on which Heiskell, the current chairman and C.E.O., reaches the firm's mandatory executive retirement age of 65, and James R. Shepley, who will then be 63, steps down as president. (Shepley will remain a director, chairman of the executive committee and chairman of the Washington Star, a Time Inc. subsidiary.) At the same time, Ralph P. Davidson, 52, now a vice president and director, will become chairman...
...leader of the team will be Munro. "He's No. 1," Heiskell says. "There's no confusion in anybody's mind about that." After graduating from Colgate University, Munro joined TIME magazine's circulation department. He later shifted to SPORTS ILLUSTRATED, where he rose to publisher. In 1972 he was named deputy to the group vice president in charge of book publishing, cable television and film operations. Enthusiastic and disciplined, Munro rises every morning before dawn and runs six to eight miles almost every evening. Says Heiskell: "He has enormous intelligence, integrity and humanity...
...Munro, Davidson and Grum are all former magazine publishers, but unlike their two predecessors, they are not former newsmen (Heiskell began as a science editor at LIFE and Shepley served as Washington bureau chief for TIME). The new top executives emphasized, however, that they would retain Time Inc.'s commitment to quality publishing. "I'm not a journalist, but I've got ink in my veins too," says Munro. "It's the magazine group that makes this company different." While publisher of TIME, Davidson worked closely with the editors in the magazine's development...
...hero this time is Adam Munro, a British spy working under cover in his nation's embassy in Moscow. Pretty straight arrow this Munro, all the right schools, the right background, except for a short, passionate fling with a Russian beauty during the Berlin crisis. But she "slipped back into the East through the last uncompleted section in the Wall, sad and lonely and heartbroken--and very, very, beautiful." Never to be seen again. Suuuuure...