From The Managing Editor: Jul. 15, 1991

This space is usually reserved for the publisher of TIME, but on occasion I take the liberty of borrowing it. This is one such occasion. I'm very pleased to introduce our new publisher, Elizabeth P. Valk. She succeeds Robert L. Miller, who will be moving to California as president of Time Publishing Ventures, parent organization of the Time Inc. magazines that are not based in New York City.

The relationship between TIME's publisher and managing editor is very ^ special. They are equals, with the publisher being responsible for the magazine's financial well-being and the M.E. for its editorial content and...

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