My first thought upon reading that Nancy Gibbs, 53, has become the first female managing editor of Time magazine in its 90-year history was that I stopped reading Time a little less than eight years ago when they ran that cover story about Steven Spielberg‘s Munich being a “secret masterpiece.” I’d been reading Time since I was twelve, but that story killed my allegiance. The only way I’d consider reading Time again would be if they literally published a “Time Advanced” edition — a three-year-old Onion riff.