Time Inc. was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City. It owned and published over 100 magazine brands, including its namesake Time, Sports Illustrated, Travel + Leisure, Food & Wine, Fortune, People, InStyle, Life, Golf Magazine, Southern Living, Essence, Real Simple, and Entertainment Weekly. It also had subsidiaries which it co-operated with the UK magazine house Time Inc. UK (which later sold and since has been rebranded to TI Media), whose major titles include What's on TV, NME, Country Life, and Wallpaper. Time Inc. also co-operated over 60 websites and digital-only titles including MyRecipes, Extra Crispy, TheSnug, HelloGiggles, and MIMI.
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Traded as | NYSE: TIME
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Revenue | US$3.1 billion (2015)
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Operating income | −US$823 million (2015)
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Net income | −US$881 million (2015)
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Total assets | US$4.8 billion (2015)
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Total equity | US$1.8 billion (2015)
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Number of employees | 7,200 (2016)
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