Michaela Bercu 1988 cover of American "Vogue" wearing a bejeweled Christian Lacroix T-shirt and a pair of faded jeans; the shot was done outdoors in natural light. It was Anna Wintour's first cover since taking over as the magazine's editor-in-chief, and was seen as signaling a break from the more formal and posed cover images favored by her predecessor, Grace Mirabella. It was also the first time a model on the cover of "Vogue" was shown wearing jeans. Bercu was also the first Israeli woman to be featured on the cover of American "Vogue". She would later appear on the covers of
Time (magazine) iPad versions for free, at least until the two companies sort out a viable digital subscription model. In January 2013, Time Inc. announced that it would cut nearly 500 jobs – roughly 6% of its 8,000 staff worldwide. Although "Time" magazine has maintained high sales, its ad pages have declined significantly over time. Also in January 2013, Time Inc. named Martha Nelson as the first female editor-in-chief of its magazine division. In September 2013, Nancy Gibbs was named as the first female managing editor of "Time" magazine. In November 2017, Meredith Corporation announced its acquisition of Time, Inc., backed by