Time Inc.
American magazine publishing company
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
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| Company type | Public |
|---|---|
| NYSE: TIME | |
| Industry | |
| Founded | November 28, 1922 (original) 2013 (spin-off) |
| Founders | Henry Luce Briton Hadden |
| Defunct | January 10, 1990 (original) January 31, 2018 (spin-off) |
| Fate | 1990: Merged with Warner Communications (original) 2018: Acquired and spun off by Meredith Corporation (spin-off) |
| Successor |
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| Headquarters | 225 Liberty Street, , United States |
Key people | Joseph A. Ripp (Executive chairman) Rich Battista (President and CEO)[1] |
| Revenue |  US$3.1 billion (2015)[2] |
| −US$823 million (2015)[2] | |
| −US$881 million (2015)[2] | |
| Total assets | US$4.8 billion (2015)[2] |
| Total equity | US$1.8 billion (2015)[2] |
Number of employees | 7,200 (2016)[3] |
| Divisions |
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| Subsidiaries |
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References
change- ↑ 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.
- ↑ 2.0 2.1 2.2 2.3 2.4 "TIME Income Statement - Balance Sheet - Cash Flow - Time Inc. Common Stock Stock - Yahoo Finance".
- ↑ Yahoo! Finance Staff. "Time Inc. Profile". Yahoo! Finance. New York City: Oath Inc. Retrieved May 29, 2016.
- ↑ 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.