No financial terms on the deal, but it should help Time Inc appeal to luxury advertisers early next year after Time Warner spins off its magazine unit. American Express Publishing reaches 36M consumers with titles including Travel + Leisure, Food & Wine, Departures, Executive Travel and Black Ink. Time Inc CEO Joe Ripp told staffers in a memo today that he’s “excited about the possibilities for expanding these world-class brands, along with the rest of our portfolio, as we prepare to become an independent company.” Time says that it will continue to send Departures, Black Ink and Executive Travel to high-end AmEx card owners who receive the magazines as a benefit. For the last 20 years Time Inc has provided management services to AmEx Publishing.
Time Inc Agrees To Buy American Express Publishing
What's Hot on Deadline
'Tomorrowland' Nosing Out 'Pitch Perfect' For No. 1; 'Mad Max' Holds Strong; 'Ultron' To Cross $400M - Box Office Saturday
Hot Cannes 'Circle' Package Imperiled As Alicia Vikander In Talks To Star In 'Assassin's Creed', New 'Bourne' Film
TLC "Deeply Saddened" As It Pulls All Episodes of '19 Kids And Counting' In Wake Of Child Molestation Allegations - Update
'Jurassic World' Tracking Like 'Man Of Steel' - But How Many $100M+ Openings After That In Summer 2015?
Latest Business News
- ‘Tomorrowland’ Nosing Out ‘Pitch Perfect’ For No. 1; ‘Mad Max’ Holds Strong; ‘Ultron’ To Cross $400M – Box…
- Studiocanal & Switzerland’s Impuls Enter Output Deal – Cannes
- Point.360 To Acquire Troubled Postproduction House Modern VideoFilm
- Time Warner Cable Nears A Decision On A New Merger Deal – Reports
- Hollywood Teamsters Reach Contract Deal With Basic Crafts Unions
- Martha Coolidge: Blaming DGA For Lack Of Female Directors Is “Dangerous Side-Path”