Reuters logo
BRIEF-Time Inc board comments on interest in co; to pursue co's own strategic plan
April 28, 2017 / 12:08 PM / 5 months ago

BRIEF-Time Inc board comments on interest in co; to pursue co's own strategic plan

April 28 (Reuters) - Time Inc

* Time inc. Board comments on interest in company; determines to pursue the company’s own strategic plan

* Time inc- management affirms 2017 financial outlook

* Time inc- digital ad revenues are expected to grow to more than $600 million in 2017

* Time inc - affirmed that we remain on track with financial outlook for year

* Time inc - board of directors “evaluated a number of expressions of interest with assistance of external advisors”

* Time inc - following review, board has determined that company will continue to pursue its strategic plan

* Fy2017 earnings per share view $1.25, revenue view $3.00 billion -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below