A Letter From the Publisher: Oct. 21, 1985

For me, this is a week summed up by the words of a Beatles song: "You say goodbye, and I say hello." The goodbye is for Ray Cave, managing editor of TIME for the past eight years, who becomes Time Inc. corporate editor. In that capacity, he will serve as a deputy to Henry Grunwald, editor in chief of the company's seven magazines. The hello is for Jason McManus, who after 21 months as corporate editor returns to TIME as its eleventh managing editor.

Cave, 56, joined TIME after 17 years at SPORTS ILLUSTRATED, where he rose to executive editor. A...

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