Mag world view: Gibbs new Time ME; Penthouse files for bankruptcy; Guardian launches style mag; Marie Claire turns 25

• Nancy Gibbs to be 17th managing editor of Time (MediaDailyNews)
• Penthouse Magazine Parent Company Files For Chapter 11 (Folio:)
• Johnson Publishing Gets Credit Infusion (Folio:)
• Time Out chief executive Aksel van der Wal to stand down (Guardian)
• Guardian launches style magazine The Fashion (Guardian)
• Pinterest chases away Sprint, others from “pin” trademarks — “Pindle” out of luck (paidContent)
• Hearst to launch 99p Esquire Weekly tablet edition (Media Week)
• Marie Claire turns 25 with bumper UK issue (Media Week)
• Percentage of people who go online with their phones doubles (Poynter)