May 10, 2017 / 3:20 PM / in 2 months

BRIEF-Time says merger speculation had an impact on Q1 results - Conf Call

1 Min Read

May 10 (Reuters) - Time Inc

* Time - speculation over last 6 months around potential change of ownership was a "major distraction" to employees and advertisers and other partners

* Time - speculation had an impact on Q1 results - conf call

* Time - have already identified select noncore assets and are starting sale processes shortly - conf call

* Time - dividend reduction would provide about $60 million on an annualized basis to "further enhance strategic and financial flexibility" - conf call Further company coverage:

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