For TIME INC., publishers of TIME, LIFE, FORTUNE, SPORTS ILLUSTRATED, ARCHITECTURAL FORUM and HOUSE & HOME magazines, 1959 was a year of unprecedented growth. Its magazines registered a total circulation gain of 605,436 to 11,485,901 and, together with other TIME INC. properties, produced a record-breaking revenue of $271,373,088. But if 1959 was a year of growth, 1960 is a year of change with an eye to the future. Last week the board of directors of TIME INC. approved the election of a new top-management team. Said Editor-in-Chief Henry R. Luce and President...

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