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Time Inc (TIME.N)

TIME.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Meredith's Acquisition Of Time Inc Receives Antitrust Clearance
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Meredith Corp ::MEREDITH'S ACQUISITION OF TIME INC. RECEIVES ANTITRUST CLEARANCE.MEREDITH CORP - PLANS TO COMPLETE TRANSACTION WITHIN NEXT 30 DAYS​.MEREDITH CORP - ALSO INTENDS TO OFFER UP TO $1.4 BILLION IN AGGREGATE PRINCIPAL OF NEW SENIOR UNSECURED 8-YEAR NOTES.MEREDITH CORP - ‍INTENDS TO USE NET PROCEEDS OF PROPOSED OFFERING TO FUND PORTION OF ITS PROPOSED ACQUISITION OF TIME INC.​.MEREDITH CORP - INTENDS TO ALSO USE NET PROCEEDS OF PROPSED OFFERING ‍TO REPAY EXISTING MEREDITH & TIME INC INDEBTEDNESS & CREDIT FACILITIES​.  Full Article

Meredith Corporation Extends Tender Offer To Acquire Time Inc
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Meredith Corp ::MEREDITH CORPORATION EXTENDS TENDER OFFER TO ACQUIRE TIME INC..MEREDITH - OFFER WILL NOW EXPIRE ONE MINUTE AFTER 11:59 P.M. ET ON JANUARY 25, 2018, PER TERMS OF MERGER AGREEMENT, UNLESS FURTHER EXTENDED.  Full Article

Essence Ventures Announces Acquisition Of Essence Communications From Time
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Essence Ventures Llc::ESSENCE VENTURES ANNOUNCES ACQUISITION OF ESSENCE COMMUNICATIONS FROM TIME INC.SAYS ‍TERMS OF TRANSACTION WERE NOT DISCLOSED.SAYS EXECUTIVE TEAM OF ESSENCE WILL HAVE AN EQUITY STAKE IN TIME'S ESSENCE COMMUNICATIONS BUSINESS.SAYS ESSENCE PRESIDENT MICHELLE EBANKS WILL CONTINUE AT HELM OF COMPANY AND WILL ALSO JOIN ITS BOARD OF DIRECTORS​.  Full Article

Qello Global, Time Team Up to Take Video Content to Asia
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Qello Global::SAYS DEAL WITH TIME INC TO DISTRIBUTE VIDEO CONTENT FROM THEIR PORTFOLIO OF BRANDS THROUGHOUT ASIA​.  Full Article

Meredith Corp plans to cut hundreds of jobs after acquisition of Time Inc- FT
Monday, 27 Nov 2017 

Nov 27 (Reuters) - :Meredith Corp plans to cut hundreds of jobs after its acquisition Of Time Inc - FT, citing sources.Job cuts are part of cost-cutting plan Meredith reached with the Koch Brothers- FT, citing sources.  Full Article

Time Inc would be required to pay Meredith fee of $65 mln‍ upon deal termination​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Meredith Corp ::TIME INC - UPON TERMINATION OF DEAL WITH MEREDITH CORP UNDER SPECIFIED CIRCUMSTANCES, CO WOULD BE REQUIRED TO PAY MEREDITH TERMINATION FEE OF $65 MLN‍ ​.  Full Article

Koch brothers said to back Time Inc deal talks with Meredith- NYT, citing sources‍​
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - :Koch brothers said to back time inc deal talks with meredith - NYT, citing sources‍​.  Full Article

Time Inc ‍launches sports illustrated TV, an OTT streaming media network on Amazon channels​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Time Inc :Time Inc - ‍launches sports illustrated TV (SI TV), an OTT streaming media network available November 16 on Amazon channels​.  Full Article

Time says in July 2017, co received subpoena from Enforcement Division of staff of SEC - SEC filing‍​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Time Inc : :Time Inc says in July 2017, company received subpoena from Enforcement Division of staff of the Securities and Exchange Commission - SEC filing‍​.Time Inc - subpeona from SEC requiring to provide documents relating to certain goodwill,asset impairments,for certain restructuring,severance costs.Time Inc says company is cooperating with the SEC in the investigation.  Full Article

Time Inc reports qtrly ‍diluted EPS of $0.14​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Time Inc ::Reports third quarter 2017 results.Q3 revenue fell 9 percent to $679 million.Management reaffirms 2017 outlook for adjusted OIBDA​.Qtrly ‍diluted EPS $0.14​.Qtrly ‍adjusted diluted EPS $0.36​.Expect revenue derived from digital and brand extensions and other sources to reach approximately $1 billion in 2017​.Q3 earnings per share view $0.29, revenue view $693.5 million -- Thomson Reuters I/B/E/S.Restructuring and severance costs $26 million in Q3 of 2017​.Advertising revenues decreased $48 million, or 12 percent, in Q3 of 2017 from year-earlier quarter to $369 million​.‍U.S. dollar relative to British pound did not have a significant impact on advertising revenues for quarter ended September 30, 2017​.  Full Article

BRIEF-Meredith's Acquisition Of Time Inc Receives Antitrust Clearance

* MEREDITH'S ACQUISITION OF TIME INC. RECEIVES ANTITRUST CLEARANCE