Time Inc.
| Company type | Public |
|---|---|
| NYSE: TIME | |
| Industry | |
| Founded | November 28, 1922 June 6, 2014 (Spin-off) |
| Founders | Henry Luce Briton Hadden |
| Defunct | January 10, 1990 January 31, 2018 (Spin-off) |
| Fate | Merged with Warner Communications to form Time Warner; later spun-off and acquired by Meredith Corporation which eventually merged with Dotdash to form Dotdash Meredith in 2021 |
| Successors | Dotdash Meredith Warner Bros. Discovery |
| Headquarters | 225 Liberty Street, , U.S. |
Key people | Joseph A. Ripp (executive chairman) Rich Battista (president and CEO) |
| Revenue | US$3.1 billion (2015) |
| −US$823 million (2015) | |
| −US$881 million (2015) | |
| Total assets | US$4.8 billion (2015) |
| Total equity | US$1.8 billion (2015) |
Number of employees | 7,200 (2016) |
| Divisions |
|
| Subsidiaries |
|
| Footnotes / references | |
Time Inc. (also referred to as Time & Life, Inc. later on, after their two onetime flagship magazine publications) 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 was 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.
In 1990, Time Inc. merged with Warner Communications to form the media conglomerate Time Warner (now Warner Bros. Discovery). In 2018, media company Meredith Corporation acquired Time Inc. for $2.8 billion. Meredith was then acquired by IAC and merged with Dotdash to form Dotdash Meredith three years later, thus resulting in IAC gaining most of the former Time Inc. assets.