Time Inc.

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

Not to be confused with Time (magazine), previously owned by Time Inc., then for a short time by its acquirer Meredith Corporation, and now by Marc Benioff.
Time Inc.
Company typePublic
NYSE: TIME
Industry
FoundedNovember 28, 1922 (1922-11-28) (original)
2013 (2013) (spin-off)
FoundersHenry Luce
Briton Hadden
DefunctJanuary 10, 1990 (1990-01-10) (original)
January 31, 2018 (2018-01-31) (spin-off)
Fate1990: Merged with Warner Communications (original)
2018: Acquired and spun off by Meredith Corporation (spin-off)
Successor
Headquarters225 Liberty Street,
New York City, New York
,
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
  • HelloGiggles[4]
  • Viant Technologies
  • Xumo (50%)
  • Foundry
  • Fansided Network
  • Sports Illustrated Play

References
  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. "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
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