MediaBuyerPlanner: Following heated speculation concerning Time Inc.'s editor-in-chief John Huey's decision to keep or remove Time magazine managing editor Jim Kelly, the company announced yesterday that Kelly will be promoted to the newly created post of managing editor for Time Inc., writes The New York Times. Kelly's successor will be announced later this week.

"For those interested in the real story, Jim and I began serious discussions about his future and Time's future at a lunch last November," said Huey. "At that time, I expressed to him my belief that his skills would translate perfectly into the new management structure I envisioned for running the editorial operations of this increasingly complex company."

Under the new title, Kelly will focus on standards, practices, ethics, crisis management, outside recruitment and what Huey called "pro-active policy making and prepublication vetting of controversial stories."