Monica Ray, who had been managing Time (NYSE: TWX) Inc.‘s paid content strategy, is taking on a new job at Condé Nast. She has been named EVP for consumer marketing and will report to Robert Sauerberg, Jr., president of Condé Nast. In her new post, which formally begins at the end of September, Ray will oversee all consumer sales and marketing activities for Condé Nast’s print and digital properties. Ray is currently SVP of corporate digital development at Time Inc., and a company rep said they will replace her.

Ray worked closely with fellow ex-Time Inc. colleague John Squires on establishing Next Issue Media, the media company joint venture that is attempting to create a digital storefront and is backed by Condé Nast, Hearst, Meredith (NYSE: MDP), and News Corp (NSDQ: NWS).

She is currently a board member of Next Issue—although it’s Time Inc.‘s seat. It’s not clear if she will retain that spot with Next Issue when she moves over to Condé Nast. A Time Inc. rep said that they will choose another executive to represent the company on Next Issue’s board.

Before her post in charge of managing paid content at Time Inc., Ray served as VP/GM for Entertainment Weekly and EW.com.

She joined Time Inc. in 1992. During that time, she’s held a number of senior roles, including SVP/GM of Time Inc.‘s digital group, Time Inc. Interactive. Ray was also a VP for consumer marketing, which involved handling subscription, newsstand and consumer research efforts for Sports Illustrated, People, Time, and Entertainment Weekly.

The hire comes about a month after Sauerberg was promoted to president of Condé Nast from group president, consumer marketing. That followed Condé Nast’s vet David Carey’s defection to Hearst Magazines.

Maybe it’s the economic volatility or just seasonal end-of-summer hiring, but Ray’s switch from Time Inc. to Condé Nast also comes amid a number of high-profile executive changes in the digital media space, including AOL’s pending loss of Marty Moe and MTV’s Greg Clayman leaving for News Corp.

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