Time Warner will spin-off Time Inc. on May 23, 2014. Shareholders of record at 5:00 p.m. on that date will receive one share of Time Inc. common stock for every eight shares of Time Warner common stock.
Chairman and Chief Executive of Time Inc, Joe Rupp, told shareholders, “We are one of the largest branded media companies in the world, reaching more than 130 million people each month across print and digital platforms. Our category-leading portfolio includes
People, Sports Illustrated, Time and
InStyle.”
Time Inc. had revenue of $1.807B (flat Y/Y) last year and net income of $201M (-23.6% Y/Y). The following chart shows comparative figures for the last 5 years.
| |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
|
2009 |
| Revenues |
|
|
|
|
|
|
|
|
|
|
| Advertising |
|
$1,807 |
|
$1,807 |
|
$1,923 |
|
$1,935 |
|
$1,878 |
| Circulation |
|
$1,129 |
|
$1,210 |
|
$1,271 |
|
$1,291 |
|
$1,324 |
| Other |
|
$488 |
|
$407 |
|
$483 |
|
$449 |
|
$534 |
| |
|
|
|
|
|
|
|
|
|
|
| Total Revenues |
|
$3,354 |
|
$3,436 |
|
$3,677 |
|
$3,675 |
|
$3,736 |
| |
|
|
|
|
|
|
|
|
|
|
| Operating Expenses |
|
$3,024 |
|
$3,016 |
|
$3,114 |
|
$3,160 |
|
$3,490 |
| Operating Income |
|
$330 |
|
$420 |
|
$563 |
|
$515 |
|
$246 |
| New Income |
|
$201 |
|
$263 |
|
$368 |
|
$312 |
|
$147 |
As of December 31, 2013, Time Inc. published 23 magazines in print in the United States, including
People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly and
Fortune, and over 70 magazines outside the United States, primarily through IPC in the U.K. and GEX in Mexico. Time Inc. also licensed more than 50 editions of its magazines for print or digital distribution in over 30 countries.
Magazine publishing, including websites that share brands with Time’s magazines, accounted for approximately 82% of total revenues in 2013. The following chart lists 19 of the major magazine titles as of December 31, 2013, as well as circulation, related websites and related magazine titles for each:
| Magazine title |
Rate base |
Frequency |
Category |
Related websites |
| People |
3,475,000 |
52 |
Celebrity Weekly |
People.com |
| |
|
|
|
PeopleenEspanol.com |
| Time |
3,250,000 |
48 |
Weekly Newsmagazines |
Time.com |
| |
|
|
|
Life.com |
| |
|
|
|
TimeforKids.com |
| Sports Illustrated |
3,000,000 |
52 |
Sports: General |
SI.com |
| |
|
|
|
FanNation.com |
| |
|
|
|
SIKids.com |
| Southern Living |
2,800,000 |
12 |
Regional |
SouthernLiving.com |
| Real Simple |
1,975,000 |
12 |
Womens Lifestyle |
RealSimple.com |
| Cooking Light |
1,775,000 |
11 |
Epicurean |
MyRecipes.com |
| |
|
|
|
CookingLight.com |
| Entertainment Weekly |
1,725,000 |
44 |
Entertainment |
EW.com |
| Money |
1,700,000 |
11 |
Personal Finance |
Money.com |
| InStyle |
1,700,000 |
13 |
Womens Fashion |
InStyle.com |
| All You |
1,500,000 |
12 |
Womens Service |
AllYou.com |
| Golf |
1,400,000 |
12 |
Sports: Golf |
Golf.com |
| Health |
1,350,000 |
10 |
Womens Health & Fitness |
Health.com |
| Sunset |
1,250,000 |
12 |
Regional |
Sunset.com |
| What’s On TV (U.K.) |
1,051,129 |
51 |
Entertainment |
WhatsOnTV.co.uk |
| Essence |
1,050,000 |
12 |
African American |
Essence.com |
| This Old House |
950,000 |
10 |
Shelter |
ThisOldHouse.com |
| Travel + Leisure |
950,000 |
12 |
Travel |
TravelandLeisure.com |
| Food & Wine |
925,000 |
12 |
Epicurean |
FoodandWine.com |
| Fortune |
830,000 |
18 |
Business: Corporate |
Fortune.com |
For more details about the new company check out the SEC's
Preliminary Information Statement of Time, Inc.