Latest in Time Inc

Meredith Corp., which bought Time Inc. last year for $1.85 billion, has confirmed plans to lay off 1,200 workers by year-end and explore the sale of four key brands as the integration of the two companies continues. “We have made significant progress executing on these initiatives since we closed on the acquisition…

Luc Besson's EuropaCorp has sold its French television division for $13M as it looks to tighten its belt. The studio has sold the unit, which produces series including TF1's spy drama No Limits, to Thomas Anargyros, who is currently Chief Executive of EuropaCorp Television. The move will help the business save up to…

Continuing its grand-scale pivot to video, Time Inc. has launched Sports Illustrated TV, a $4.99-a-month streaming network offering a mix of documentary, narrative and talk programming under the tagline “Because you love sports.” SI TV joins Time Inc.’s previous OTT launch, the ad-supported People TV, and will be…

It’s the end of an era at Time Inc with the announcement today that vice chairman Norman Pearlstine — one of the most prominent editors in business journalism — will retire from the company July 17. He’ll advise early-stage domestic and international media firms, including Money.net, and plans to continue writing…

Shares in Time Inc. are down more than 19% in pre-market trading after the publishing company said that it “will continue to pursue its strategic plan” rather than accept a sale offer. Meredith Corp. and a consortium led by Edgar Bronfman Jr. had circled the company. But Time’s board says today that after evaluating…

ABC will premiere a four-hour documentary miniseries on the life of Princess Diana marking the 20th anniversary of her death. The untitled project, a co-production of ABC and Time Inc’s People, will air over two nights in August, and include interviews with those who knew her best, as well as leading Diana experts…

Time Inc. representatives could begin sale talks as early as next week with bidders including Meredith Corp. and a consortium led by Edgar Bronfman Jr., Bloomberg reports citing “people familiar with the matter.” The board, which met this week, would only sell if it sees “significantly higher” offers for the owner of…

Time Inc.’s stock price jumped about 7.9% in afternoon trading after The Wall Street Journal reported that it has hired Morgan Stanley and Bank of America to look at sale and partnership proposals. The Journal notes that it’s “far from guaranteed” that a deal will take place. Still, there’s clearly interest in the…

Here’s one sign that Time Inc. shareholders are eager to see a change in the company’s storyline: The stock price rocketed 17.9% this morning to $16.05 after Rupert Murdoch’s New York Post reported that the magazine publisher — which is expanding into digital and video — rejected a $1.78 billion offer, or $18 a share…

Time Inc. has named Rich Battista President and Chief Executive Officer of the company, effective immediately, succeeding Joe Ripp. Battista will be joining the Time Inc. Board of Directors and Ripp will continue to lead the board as Executive Chairman. "I am deeply grateful to have had the opportunity to lead this…

Last week’s leadership shakeup at Time Inc was just the beginning of the reshuffling process. Today, newly named Chief Content Officer Alan Murray unveiled his own restructuring for the editorial ranks at some of the nation’s best known publications. He divided the titles into four groups with Editorial Directors…

New York’s media elite will be buzzing today about the sweeping reorganization at Time Inc. that gives new jobs to some of the industry’s A-list names. Rich Battista — who once ran Fox’s National Cable Networks and Gemstar-TV Guide — was named President of Brands. He’ll oversee everything from editorial to marketing…