Breaking: James Truman Resigns (N.B.: This Is a New Item)

The Observer brings news that former Cond Nast Editorial Director James Truman has resigned from the same position at LTB Media. Truman plans to launch his own media company, from which he expects to resign some time in March.

Editorial Director James Truman Resigns, Again; Will Found Media Company [NYO]

Earlier: Rumor Patrol: James Truman Out at Cond Nast?