Time Inc.

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Time Inc.
Public
Traded asNYSE: TIME
Industry
Fate1990: Merged with Warner Communications (original)
2018: Acquired and spun off by Meredith Corporation (spin-off)
Successor
FoundedNovember 28, 1922; 99 years ago (1922-11-28) (original)
2013; 9 years ago (2013) (spin-off)
FoundersHenry Luce
Briton Hadden
DefunctJanuary 10, 1990; 32 years ago (1990-01-10) (original)
January 31, 2018; 4 years ago (2018-01-31) (spin-off)
Headquarters225 Liberty Street, ,
United States
Key people
Joseph A. Ripp
(Executive chairman)
Rich Battista
(President and CEO)[1]
RevenueDecrease US$3.1 billion (2015)[2]
Decrease −US$823 million (2015)[2]
Decrease −US$881 million (2015)[2]
Total assetsDecrease US$4.8 billion (2015)[2]
Total equityDecrease US$1.8 billion (2015)[2]
Number of employees
7,200 (2016)[3]
Divisions
  • Time Inc. International
  • Time Inc. India
Subsidiaries

Time Inc. was a subsidiary media company. It published several of the most read magazines in the United States such as People, Time, Sports Illustrated, Fortune, InStyle, Life, GOLF Magazine, Southern Living, Essence, This Old House, All You and Entertainment Weekly. It published 130 magazines and was founded on November 28, 1922 in New York City. In 1990, Time Inc. merged with Warner Communications to form Time Warner. In 2014, the company was revived. In 2018, the company dissolved again after the acquisition by Meredith Corporation. It was owned by The Walt Disney Company

References[change | change source]

  1. Spangler, Todd (September 13, 2016). "Rich Battista Named Time Inc. CEO As Joe Ripp Steps Aside for Health Reasons". Variety. Los Angeles: Penske Media Corporation. Retrieved September 13, 2016.
  2. 2.0 2.1 2.2 2.3 2.4 "TIME Income Statement - Balance Sheet - Cash Flow - Time Inc. Common Stock Stock - Yahoo Finance".
  3. Yahoo! Finance Staff. "Time Inc. Profile". Yahoo! Finance. New York City: Oath Inc. Retrieved May 29, 2016.
  4. Dave, Paresh (October 19, 2015). "Why Zooey Deschanel's media startup HelloGiggles sold to Time Inc". Los Angeles Times. Los Angeles. Retrieved October 19, 2015.

Other websites[change | change source]