Skip to: Navigation | Content | Footer

Time Inc in talks to sell several assets

US Magazine publisher Time Inc said it was looking to sell several assets, including Time Inc UK, Time Customer Service and a majority stake in the Essence magazine, CNBC reported on Friday.

Author: News Desk

Posted on: 25 September 2017 08:02

Time Inc in talks to sell several assets

The company has not entered into any definitive agreement.

The sale processes were at various stages and the company has not entered into any definitive agreement, Time said in a regulatory filing on Friday.

The New York-based publisher of Sports Illustrated, People and namesake Time also said it experienced softness in both print and advertising revenue during the current quarter relative to the forecast provided during the second-quarter earnings call.

The company's magazine circulation revenue fell 12 percent in the second quarter ended June 30 and its advertising revenue dipped about 12 percent, as readers and advertisers shift to digital platforms.

Addendum

A Time Inc. UK spokesperson told InPublishing: “Our parent company Time Inc. has clearly stated publicly its transformation strategy. Time Inc. UK is a proven and profitable company and it remains business as usual for us."

comments powered by Disqus

Most read on InPublishing

These are the most read stories on the InPublishing website over the last 14 days, in order from the top.

Articles

The Greater Good

Meg Carter
Posted on: 27 March 2018

Kickaround: a grown-up mag for kids

Alan Geere
Posted on: 4 April 2018

Scale Prevails

Karlene Lukovitz
Posted on: 27 March 2018

Farming magazines

Alan Geere
Posted on: 27 March 2018

You’ve probably noticed – EVERYTHING is changing

Tim Robinson
Posted on: 27 March 2018

Off The Page

David Hepworth
Posted on: 27 March 2018

Journalists of the world, unite!

Steve Dyson
Posted on: 27 March 2018

Onwards and upwards

James Evelegh
Posted on: 27 March 2018

Putting your Brand into the Right Hands!

Alan Edwards
Posted on: 9 March 2018

This list is based on data from Google Analytics, and is refreshed every 24 hours. (Last updated: 21/04/2018 06:22)

Find out more about

Featured job

Subscriptions & Circulation Manager (Maternity cover)
Salary: Competitive
The Chelsea Magazine Company
Chelsea, Central London

Featured in InPublishing Jobs

InPub Weekly: Sign-up

Click here to sign up for our free weekly email newsletter:

Sign up now!

Magazine registration

Publishing Partners Guide