Another longtime publishing executive is exiting Time Inc.

David Morris, who has been the publisher of Entertainment Weekly, is leaving the company after 21 years. The magazine will be swept under a new umbrella group called the Time Inc. Entertainment Group.

Paul Caine, who had been group publisher at People, will take over as president of the newly formed group.

Only 10 days ago, rumors were swirling that Caine was about to jump ship and take a high-ranking post in the music industry as a top executive at troubled record label EMI.