Time Inc.
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| Parent company | Time Warner |
|---|---|
| Founded | November 28, 1922 |
| Founder | Briton Hadden and Henry Luce |
| Country of origin | United States |
| Headquarters location | Time-Life Building, New York City |
| Distribution | United States, Mexico, United Kingdom |
| Key people | Laura Lang (CEO) Ann Moore (Chairman) |
| Publication types | Magazines, Books |
| Imprints | Grupo Editorial Expansión, IPC Media, Oxmoor House, Sunset Books |
| Official website | www.timeinc.com |
Time Inc. is a subsidiary of the media conglomerate Time Warner, the company formed by the 1990 merger of the original Time Inc. and Warner Communications. It publishes 130 magazines,[1] most notably its namesake, Time. Other magazines include Sports Illustrated, Fortune, People, InStyle, Life, GOLF Magazine, Southern Living, Essence, This Old House, All You and Entertainment Weekly. It also owns the UK magazine house IPC Media, whose major titles include What's On TV, NME, Country Life, Marie Claire, Wallpaper*, InStyle and Nuts.
Time Inc. also owns the rights to LIFE, a well known magazine that has been published in many different formats. Time Inc. currently owns and runs LIFE.com, a website dedicated to news and photography.
In 2008, Time Inc. launched Maghound,[2] an internet-based magazine membership service that features approximately 300 magazine titles from both Time Inc. brands and external publishing companies.
On January 19, 2010, Time Inc acquired StyleFeeder, a personal shopping engine.[3]
In August 2010 Time Inc. announced that Ann S. Moore, its chairman and chief executive, would step down as CEO and be replaced by Jack Griffin, an executive with Meredith Corporation, the nation's second-largest publisher of consumer magazines.[4] In September 2010, Time Inc. entered into a licensing agreement with Kolkata-based ABP Group, one of India’s largest media conglomerates, to publish Fortune India magazine and the yearly Fortune India 500 list.[5]
On March 6, 2013, Time Warner announced plans to spin-off Time Inc. into a publicly traded company. Time Warner's chairman/CEO Jeff Bewkes exclaimed: “After a thorough review of options, we believe that a separation will better position both Time Warner and Time Inc. A complete spin-off of Time Inc. provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses, and improves our growth profile. Time Inc. will also benefit from the flexibility and focus of being a stand-alone public company and will now be able to attract a more natural stockholder base."[6] The Time Inc. spin-off would happen at the end of 2013.[7]
See also [edit]
References [edit]
- ^ Time Warner: Time Inc
- ^ maghound.com
- ^ Time Inc acquires StyleFeeder
- ^ Ex-Meredith Officer to be Time's Chief, The New York Times, 4 August 2010
- ^ Fortune India magazine
- ^ DAVID LIEBERMAN, Executive Editor. "Time Warner Plans To Spin Off Time Inc". Deadline.com. Retrieved 2013-04-20.
- ^ Can Time Inc. make it alone?, CNN Money, March 21, 2013
External links [edit]
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