An executive trio takes over for the '80s
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 Inc.
He arrived there last week....
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