Time Inc.

Time Inc.

American magazine publishing company
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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.

Former type
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Traded as
NYSE: TIME
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ISIN
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Industry
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Fate
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Successor
  • Time Warner
    (original)
  • Meredith Corporation
    (spin off)
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Founded
  • November 28, 1922; 97 years ago (1922-11-28)
    (original)
  • June 9, 2014; 5 years ago (2014-06-09)
    (spin off)
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Founder
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Defunct
  • January 10, 1990; 30 years ago (1990-01-10)
    (original)
  • January 31, 2018; 2 years ago (2018-01-31)
    (spin off)
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Headquarters
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Key people
Joseph A. Ripp
(Executive Chairman)
Rich Battista
(President and CEO)
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Revenue
Decrease US$3.1 billion (2015)
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Operating income
Decrease −US$823 million (2015)
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Net income
Decrease −US$881 million (2015)
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Total assets
Decrease US$4.8 billion (2015)
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Total equity
Decrease US$1.8 billion (2015)
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Owner
Time Warner (1990–2014)
spun off (Independent: 2014–17)
Meredith (2017–present)
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Number of employees
7,200 (2016)
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Parent
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Divisions
  • Time Inc. International
  • Time Inc. India
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Subsidiaries
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Website
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