From the NY Post
Ann Moore - the CEO of the $5 billion Time Inc. magazine empire, not the hat designer - appeared with her posse in Birmingham, Ala., where the Time Inc. subsidiary Southern Progress Corp. is based, earlier this week.

Normally, the appearance of Moore and the brass in force would cause brave men to tremble. Moore is the onetime start-up queen who launched In Style, Real Simple and others when she was running the People group.

Since her promotion to the top job as Time Inc. CEO, Moore has turned to tightening budgets: She shut down two magazines (Mutual Funds and Sports Illustrated Women) in a recent two-week period, and canceled all Christmas parties companywide.

About the only real news to emerge from the gathering: The attempt to introduce an American version of Loaded appears to be shelved.

Mark Golin, the former editor of Maxim and Details who has been looking at a new men's magazine, also presented some of his findings to the assembled top brass. But so far, it doesn't look like he's about to get a green light. "It's nowhere close to that," said a source.