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Time Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 9, 2017. Its latest SEC filing is a SC 13G/A from Jan 30, 2019.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Publishes magazines and digital news and lifestyle content for consumers, and sells advertising and content services to marketers.

How Did They Make Money?

Marketers buy print and digital advertising, including flat-rate sponsorships and campaigns priced by delivered impressions; consumers buy magazines, and related publishing activities and live events generate other revenue.

revenue

Who Were Their Customers?

Advertisers buy print and digital placements through centralized sales teams or ad exchanges; consumers buy magazine subscriptions and copies.

Did Revenues Turn Into Profits?

No. It lost $48M in .

Operating income,
0% of revenue
▲ Now profitable vs (−$823M, −27%)
Net income,
−2% of revenue
▼ −95% (Loss) vs (−$881M, −28%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 30, 2017
Revenue
▼ −9%
vs $750M in Q3 FY2016
Net income
  • Jan 31, 2018 Meredith completed its acquisition of Time Inc. Time Inc. became a wholly owned subsidiary; it requested suspension of trading and delisting.
  • Nov 27, 2017 Time Inc. agreed to be acquired by Meredith Meredith offered $18.50 per share in cash.

Shrank. Revenue fell 10% in 4 years, from $3.4B in to $3.1B in , about 3% a year.

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