TIME CEO Jessica Sibley sent the following note to staff on Monday: Team, Today, I am pleased to announce several promotions and role expansions across TIME Studios, a division that has demonstrated tremendous growth, generating more than $100M in revenue in its first three years. To position the division for continued success, the following individuals are taking on expanded leadership roles reporting into me, effective immediately: [time-brightcove not-tgx=”true”] Michael Erlinger: Head of Business Affairs and Operations, TIME Studios.