Jann Wenner has changed horses on Men’s Journal once again, installing his third top editor in just over 16 months.

Yesterday he moved Rolling Stone veteran Jim Kaminsky, who earlier was editorial director of Playboy and executive editor of Maxim, into the editor slot, replacing Tom Foster.

Foster had replaced Michael Caruso, who had been the editor-in-chief and who ended up suing Wenner in a bitter severance fight that was only recently settled for a mid-six-figure sum.

When Caruso was bounced, Foster was given only the title of editor, which is what Kaminsky will inherit. Wenner made himself editor-in-chief. With Wenner in the top spot, newsstand sales went into a tailspin, dropping more than 30 percent in the first half of 2006.

Men’s Journal Publisher Will Schenck said while newsstand sales were down, a big portion of that drop was from a promotional bulk program in 2005 that was abandoned last year.