Nov
22
Five Revelations from Time Inc.’s First SEC Filing
Posted in: Uncategorized
Time Inc. showed a little leg Friday, filing the first of what is expected to be numerous documents with the Securities and Exchange Commission in the leadup to its spinoff from parent Time Warner.
The spinoff, which was announced in March, is expected to happen in the second quarter of 2014.
Time Inc., publisher of People and Fortune, has not kept pace with Time Warner’s more profitable TV and film properties. Third-quarter revenue at Time Inc. decreased 2% to $818 million, fueled by a 4% decline in subscription revenues and 2% drop in ad revenue.
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