Question: Who were the founders of the magazine published by Time Inc that was created in 1978?
Context: Money is a magazine that is published by Time Inc. Its first issue was published in October 1972.  Its articles cover the gamut of personal finance topics ranging from investing, saving, retirement and taxes to family finance issues like paying for college, credit, career and home improvement.  It is well known for its annual list of "America's Best Places to Live."  The magazine, along with "Fortune", was a partner with sister cable network CNN in CNNMoney.com, an arrangement made after the discontinuation of the CNNfn business news channel in 2004.  In 2014, following the spin-off of Time Inc., the magazine's publisher, from CNN parent Time Warner, Money launched its own website, Money.com. Asiaweek was an English-language news magazine focusing on Asia, published weekly by Asiaweek Limited, a subsidiary of Time Inc. Based in Hong Kong, it was established in 1975, and ceased publication with its 7 December 2001 issue due to a "downturn in the advertising market," according to Norman Pearlstine, editor in chief of Time Inc.  The magazine had a circulation of 120,000 copies when it closed. Time Inc. is a multinational mass media corporation founded on November 28, 1922 by Henry Luce and Briton Hadden and based in New York City.  It owns and publishes over 100 magazine brands, most notably its flagship "Time".  Other magazines include "Sports Illustrated", "Travel + Leisure", "Food & Wine", "Fortune", "People", "InStyle", "Life", "Golf Magazine", "Southern Living", "Essence", "Real Simple", and "Entertainment Weekly".  It also has subsidiaries which it co-operates with the UK magazine house Time Inc.  UK, whose major titles include "What's on TV", "NME", "Country Life", and "Wallpaper".  Time Inc. also co-operates over 60 websites and digital-only titles including "MyRecipes", "TheSnug", HelloGiggles, and "MIMI". People en Español is a Spanish-language American magazine published by Time Inc. that debuted in 1996, originally as the Spanish-language edition of its publication "People".  As of 2009, it is the Spanish-language magazine with the largest readership in the United States, reaching 7.1 million readers with each issue.  Distinguishing itself from its English-language counterpart, "People en Español"'s original editorial content combines coverage from the Hispanic and general world of entertainment, articles on fashion and beauty, and human interest stories.  It was created and launched by Time Warner media executive Lisa Garcia Quiroz.  Angelo Figueroa was the magazine's founding managing editor, who led the editorial department for its first five years. All You was a women’s monthly magazine published by Time Inc. and sold at Walmart, Sam's Club and via subscription.  The monthly magazine was first published in August 2004.  "All You" focused on value: Each story offered money-saving and/or time-saving tips, and the magazine developed a community of Reality Checkers, thousands of women who contribute ideas and tips that appear on many of "All You"’s pages.  The magazine was closed in December 2015. James R. Gaines (born August 11, 1947) is a journalist and historian who between 2011 and 2015 was at Reuters in various capacities: as global editor-at-large, as editor in charge of the Americas, as editor in charge of global photography and as global editor for ethics and standards.  He spent most of his career at Time Inc., where he was the managing editor of "People, Life" and "Time" magazines, then corporate editor of Time Inc..  Between Time Inc. and Reuters, he was a consultant on magazine startups, acquisitions and digital initiatives for publishers including Conde Nast International and American Express Publishing.  In 2007 he became the editor-in-chief of FLYP, a biweekly multimedia publication online that produced interactive material for the web sites of "Fortune, Sports Illustrated, Entertainment Weekly, Scientific American" and ProPublica.  He also served briefly as managing editor of The Daily, News Corp.’s “newspaper” for tablets. Maghound was an Internet-based magazine membership service developed by Time Inc. and branded as "the magazine lover's best friend."  It was launched in 2008 to counter a decline in magazine sales at United States newsstands.  The service was discontinued by Time Inc. on April 30, 2012. Golf Magazine is a monthly golf magazine owned by "Time Inc." It was started in April, 1959 by Universal Publishing and Distributing, who sold it to Times Mirror in 1972.  Time Inc. acquired it in 2000.  It was the world's most widely read golf publication from August 2006 to January 2007.  The magazine is for golfers of all skill levels.  Some features it includes are instruction from the top 100 teachers in America, interviews with famous golfers, tips on the best values for golf courses to go to on vacation, and an annual club test. Food & Wine is a monthly magazine published by Time Inc. It was founded in 1978 by Ariane and Michael Batterberry.  It features recipes, cooking tips, travel information, restaurant reviews, chefs, wine pairings and seasonal/holiday content and has been credited by "The New York Times" with introducing the dining public to "Perrier, the purple Peruvian potato and Patagonian toothfish". Executive Travel magazine was an American bimonthly magazine published in New York City by Time Inc. The magazine, launched in May 2002, was published 6 times a year.  Geared toward upscale executives, the magazine covered relevant topics on business, travel and affluent lifestyle.  It offered exclusive reach to American Express Corporate Platinum Cardmembers.
Answer: Ariane and Michael Batterberry