November 7, 1986
The company conducted a second market study of the magazine and decided to close down the publication because of weakness in the national advertising market and economic uncertainty. Henry Grunwald, editor-in-chief of Time, said he felt that "it would be unwise to invest more than $100 million in the launch of a major weekly." Time had spent $30 million over the past two years in developing the magazine and in testing it in selected cities.
April 16, 1987 |
Time Inc. announced today that managing editor Jason McManus will succeed Henry Grunwald as editor-in-chief of the company's publications when Grunwald reaches mandatory retirement age at the end of the year.
November 7, 1987 |
President Reagan announced Friday he is nominating Henry Anatole Grunwald, editor-in-chief of Time magazine, to become ambassador to Austria. Grunwald, 64, was born in Vienna. He has been editor-in-chief of Time since 1979 and has been with the magazine since 1945.
February 16, 1986
Lisa Grunwald, 26, must feel blessed: She was the only under-30 writer picked by Time (Feb. 17) in its roundup look at seven promising first-time novelists. It calls her novel "Summer" "lean and piercing." Plus there's her cheery photo. Another credential: Her father, Henry Anatole Grunwald, is Time's editor-in-chief.
December 25, 1987 |
The Senate, as one of its last acts before recessing for the Christmas holidays, this week approved by voice vote the nomination of Henry Anatole Grunwald, retiring editor-in-chief of Time Inc., to be ambassador to Austria.