Posts Tagged "Time inc"

Time, Sports Illustrated, Fortune, and Money are all up for sale as part of a plan to reduce costs by up to $500 million

On Wednesday, Meredith Corporation announced its acquisition of Time Inc. was complete. February 1 marks the first day of operations for the combined company.

2017 is ending with a bang in magazine media. Maybe even a metaphorical big bang, as the wave of consolidation this year is forecasting a future of change that is unprecedented for this industry. In other words, magazine media as we’ve known it for more than 100 years may never look the same after the Time Inc. and Meredith’s merger becomes official in 2018

Time Inc has been sold to rival media group Meredith Corporation in a deal valued at $2.8bn and backed by the Koch brothers, giving the conservative billionaires a stake in one of America’s best-known publishers.

The rightwing billionaires are believed to be backing Meredith’s bid for the renowned media group but it is not the most obvious move for the brothers

The US publishing giant Time Inc is in talks with Epiris about a takeover of its UK magazines subsidiary, Sky News learns.

US Magazine publisher Time Inc said it was looking to sell several assets, including Time Inc UK, Time Customer Service and a majority stake in the Essence magazine, CNBC reported on Friday

Flashes&Flames: Facebook and all those bloggers and vloggers have shredded the magazine market. “Me time” used to describe readers’ relationships with their favourite magazines; now it belongs to social media. For enduring brands, print is becoming ancillary to digital services. Many will still prosper, but magazines are becoming a much smaller business

Time Inc. is exploring the sale of three of its titles: Coastal Living, Sunset and Golf.

Time Inc. CEO Rich Battista told Bloomberg the focus is on “the key biggest growth drivers of this company that will move the needle the most. These are wonderful titles and wonderful brands.”

Time Inc. has sold its experiential business INVNT, ending a week of announcements from the publisher of plans to sell off multiple titles to focus on its core assets

When Time Inc. declared it was putting the brakes on a potential sale, the announcement served — among other things — as a reminder that the public equity markets have not been kind to magazine media. Time Inc. spun out from Time Warner in 2014, emerging as a standalone company with some of the most storied magazine brands in history, but also $1.3 billion in debt and a lengthening record of declining revenue. Last year was no exception, with revenue falling to just under $3.1 billion. In 2010, by contrast, the company’s revenue was $3.7 billion. Time Inc.’s stock peaked at $25.62 just a month or so after the spinoff, and after a rally in early 2015, it’s never gotten close to that point again. It was trading at under $15 early this week.

As part of an announcement about earnings, Time inc CEO, Rich Battista suggested it will cut costs by selling “non-core assets,” but did not give further details

An investment group backed by Edgar Bronfman Jr, former chief executive of Warner Music, Len Blavatnik, the billionaire owner of Warner Music Group, and Ynon Kreiz, who ran Maker Studios, will not pursue an acquisition because of a valuation gap, people said who were familiar with the situation.

Magazine group Meredith Corporation has renewed its interest in Time Inc, the publisher of People and Sports Illustrated, according to people familiar with the matter

The magazine publisher’s stock price jumped on reports it has hired financial advisers.
After receiving an unsolicited takeover offer, magazine publisher Time Inc. has hired financial advisers to field potential bids for the company and investigate other strategic moves, according to a Wall Street Journal report

A new report that Meredith Corporation may make a bid for Time Inc. has raised share prices for both companies, and fueled more industry speculation over Time Inc.’s future

According to the FT, Time Inc, the publishing company that owns Sports Illustrated, People and Time magazines, has rejected an unsolicited bid worth close to $1.8bn from a consortium backed by Len Blavatnik, the billionaire owner of Warner Music Group, according to people briefed on the offer.

Time Inc is closing the UK print edition of its InStyle magazine and taking the brand digital-only

In line with its consistent endeavors toward transforming into a data-driven company, Time Inc. recently bought a customer survey provider, Bizrate Insights, which was previously owned by Connexity Inc. It also stated that Bizrate Insights’ survey platform will be combined with its affinity marketing subsidiary, Synapse Group, Inc.

Time Inc. is planning a major reorganization focused on web video, live events and working closely with marketers, according to a person familiar with the plans, as the publisher of People magazine tries to transform itself for the digital age