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TIME INC. is a Multinational mass media corporation founded on November 28, 1922 by Henry Luce
Henry Luce
and Briton Hadden and based in New York City . It owns and publishes over 100 magazine brands, most notably its flagship _Time _. Other magazines include _Sports Illustrated _, _ Travel + Leisure _, _ Food & Wine _, _Fortune _, _People _, _ InStyle _, _Life _, _Golf Magazine
Magazine
_, _ Southern Living _, _Essence _, _ Real Simple _, and _ Entertainment Weekly _. It also has subsidiaries which it co-operates with the UK magazine house Time Inc. UK , whose major titles include _What\'s on TV _, _ NME _, _Country Life _, and _Wallpaper _. Time Inc.
Time Inc.
also co-operates over 60 websites and digital-only titles including _MyRecipes_, _TheSnug_, HelloGiggles , and _MIMI_.

Time Inc.
Time Inc.
also owns the rights to _LIFE _, a well-known magazine that has been published in many different formats. Time Inc.
Time Inc.
currently owns and runs LIFE.com , a website dedicated to news and photography.

In 1990, Time Inc.
Time Inc.
merged with Warner Communications to form the media conglomerate Time Warner . This merger lasted until the company was spun off on June 9, 2014.

CONTENTS

* 1 History * 2 See also

* 3 References

* 3.1 Sources

* 4 External links

HISTORY

Nightly discussions of the concept of a news magazine led its founders Henry Luce
Henry Luce
and Briton Hadden , both age 23, to quit their jobs in 1922. Later that same year, they formed Time Inc.
Time Inc.
Having raised $86,000 of a $100,000 goal, the first issue of _Time _ was published on March 3, 1923, as the first weekly news magazine in the United States. Luce served as business manager while Hadden was editor-in-chief. Luce and Hadden annually alternated year-to-year the titles of president and secretary-treasurer. Upon Hadden's sudden death in 1929, Luce assumed Hadden's position.

Luce launched the business magazine _Fortune _ in February 1930 and created/founded the pictorial _Life _ magazine in 1934, and launched _House he put General George Marshall in charge of enforcement. The main target was Luce, who had long opposed FDR. Historian Alan Brinkley argues the move was "badly mistaken", for had Luce been allowed to travel, he would have been an enthusiastic cheerleader for American forces around the globe. But stranded in New York City, Luce's frustration and anger expressed itself in hard-edged partisanship. Luce, supported by Editor-in-Chief T. S. Matthews , appointed Whittaker Chambers
Whittaker Chambers
as acting Foreign News editor in 1944, despite the feuds Chambers had with reporters in the field.

In 1963, recommendations from Time Inc.
Time Inc.
based on how it delivered magazines led to the introduction of ZIP codes by the United States Post Office .

Luce, who remained editor-in-chief of all his publications until 1964, maintained a position as an influential member of the Republican Party . Holding anti-communist sentiments, he used _Time_ to support right-wing dictatorships in the name of fighting communism. An instrumental figure behind the so-called " China Lobby ", he played a large role in steering American foreign policy and popular sentiment in favor of Nationalist leader Chiang Kai-shek and his wife Soong Mei-ling in their war against the Japanese. (The Chiangs appeared in the cover of _Time_ eleven times between 1927 and 1955. )

The merger of Time Inc.
Time Inc.
and Warner Communications was announced on March 4, 1989. During the summer of that same year, Paramount Communications (formerly Gulf+Western ) launched a $12.2 billion hostile bid to acquire Time Inc.
Time Inc.
in an attempt to end a stock swap merger deal between Time and Warner Communications. This caused Time to raise its bid for Warner to $14.9 billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time/Warner merger. The court ruled twice in favor of Time, forcing Paramount to drop both the Time acquisition and the lawsuit, and allowing the formation of the two companies' merger which was completed on January 10, 1990. However, instead of the companies becoming defunct, the impact of the merger and its resultant financial shock wave gave off a new corporate structure, resulting in the new company being called "Time Warner".

In 2008, Time Inc.
Time Inc.
launched Maghound , an internet-based magazine membership service that featured approximately 300 magazine titles from both Time Inc.
Time Inc.
brands and external publishing companies.

On January 19, 2010, Time Inc.
Time Inc.
acquired StyleFeeder , a personal shopping engine.

In August 2010, Time Inc.
Time Inc.
announced that Ann S. Moore , its chairman and chief executive, would step down as CEO and be replaced by Jack Griffin , an executive with Meredith Corporation , the nation's second-largest publisher of consumer magazines. In September 2010, Time Inc.
Time Inc.
entered into a licensing agreement with Kolkata
Kolkata
-based ABP Group , one of India’s largest media conglomerates, to publish Fortune India magazine and the yearly Fortune India 500 list.

On March 6, 2013, Time Warner announced plans to spin-off Time Inc. into a publicly traded company. Time Warner 's chairman/CEO Jeff Bewkes said that the split would allow Time Warner to focus entirely on its television and film businesses, and Time Inc.
Time Inc.
to focus on its core print media businesses. It was announced in May 2014 that Time Inc. would become a publicly traded company on June 6 of that year. The spinoff was completed on June 9, 2014. As of September 13, 2016, Rich Battista has been promoted to president and CEO, replacing Joe Ripp .

Time Inc.
Time Inc.
purchased American Express Publishing Corporation 's suite of titles, including _ Travel + Leisure _, _Food -webkit-column-width: 30em; column-width: 30em; list-style-type: decimal;">

* ^ Spangler, Todd (September 13, 2016). "Rich Battista Named Time Inc. CEO As Joe Ripp Steps Aside for Health Reasons". * ^ "TIME Income Statement - Balance Sheet - Cash Flow - Time Inc. Common Stock Stock - Yahoo Finance". * ^ _A_ _B_ _C_ _D_ "TIME Income Statement - Balance Sheet - Cash Flow - Time Inc.
Time Inc.
Common Stock Stock - Yahoo Finance". * ^ Yahoo! Finance Staff. " Time Inc.
Time Inc.
Profile". _ Yahoo! Finance _. Yahoo! . Retrieved May 29, 2016. * ^ "Why Zooey Deschanel\'s media startup HelloGiggles sold to Time Inc.". * ^ Spangler, Todd (February 17, 2016). " Time Inc.
Time Inc.
Acquires Two YouTube Auto Channels". _Variety _. Penske Media Corporation
Penske Media Corporation
. Retrieved June 6, 2016. * ^ "A network of 300+ sites". _Fansided_. Retrieved June 6, 2016. * ^ Business Wire
Business Wire
Staff (July 7, 2016). " Time Inc.
Time Inc.
Creates Sports Illustrated Play, a New Business Devoted to Youth Sports". _Business Wire _. Berkshire Hathaway
Berkshire Hathaway
. Retrieved June 6, 2016. * ^ "Brands". Time Inc.
Time Inc.
Retrieved August 17, 2014. * ^ " Time Inc.
Time Inc.
Acquires HelloGiggles, a Leading Mobile and Social Millennial Women’s Lifestyle Brand". October 19, 2015. Retrieved June 6, 2016. * ^ Lieberman, David (June 9, 2014). "Time Inc Shares Slip As Magazine
Magazine
Company Goes Public". _ Deadline.com
Deadline.com
_. Penske Media Corporation . Retrieved July 28, 2014. * ^ "History of TIME". _Time _. Retrieved June 6, 2016. * ^ _A_ _B_ "Henry R. Luce: End of a Pilgrimage". - _TIME _. - March 10, 1967 * ^ Brinkley 2010 , pp. 302–303. * ^ Brinkley 2010 , pp. 322–393. * ^ "Time magazine historical search". _Time _. Retrieved June 19, 2014. * ^ " Time Inc.
Time Inc.
and Warner to Merge, Creating Largest Media Company". _ The New York Times
The New York Times
_. The New York Times
The New York Times
Company . March 5, 1989. * ^ "The Netflix Hope: Time Inc\'s Maghound Set To Launch in Sept". _ Forbes
Forbes
_. June 27, 2008. Retrieved July 28, 2014. * ^ Wauters, Robin (January 19, 2010). "Confirmed: Time Inc.
Time Inc.
buys personal shopping engine StyleFeeder". _(hot topics)_. TechCrunch
TechCrunch
. Retrieved August 19, 2013. * ^ Carr, David (August 4, 2010). "Ex-Meredith officer to be Time’s chief". _ The New York Times
The New York Times
_. The New York Times
The New York Times
Company . Retrieved August 19, 2013. * ^ Goyal, Anubhav (September 27, 2010). "Fortune launches Indian edition". _Media Newsline_. Retrieved August 19, 2013. * ^ _A_ _B_ Steigrad, Alexandra (February 5, 2014). " Time Inc.
Time Inc.
Lays Out Restructuring". WWD. Retrieved February 5, 2014. * ^ Lieberman, David, Financial Editor (March 6, 2013). "Time Warner plans to spin off Time Inc". _ Deadline.com
Deadline.com
_. Penske Media Corporation . Retrieved April 20, 2013. CS1 maint: Extra text: authors list (link ) * ^ "Time Inc To Go Public On June 6". _ Deadline.com
Deadline.com
_. Penske Media Corporation . May 8, 2014. Retrieved July 28, 2014. * ^ " Time Warner (TWX) Completes Time Inc.
Time Inc.
(TIME) Spinoff". _ TheStreet.com _. June 9, 2014. Retrieved July 28, 2014. * ^ "Media It\'s Official: Time Inc.
Time Inc.
Buys AmEx\'s Food & Wine, Travel & Leisure Magazines". _Ad Age _. Crain Communications . September 10, 2013. Retrieved October 11, 2013. * ^ " Time Inc.
Time Inc.
Names Colin Bodell Executive Vice President and Chief Technology Officer". _ Business Wire
Business Wire
_. Berkshire Hathaway
Berkshire Hathaway
. January 14, 2014. Retrieved January 14, 2014. * ^ Kelly, Keith (May 9, 2016). " Time Inc.
Time Inc.
fires CTO Colin Bodell". _ New York Post
New York Post
_. News Corp
News Corp
. Retrieved June 6, 2016. * ^ Kaufman, Leslie (February 4, 2014). " Time Inc.
Time Inc.
to Cut 500 Jobs Ahead of Spinoff". _ The New York Times
The New York Times
_. The New York Times
The New York Times
Company . Retrieved February 4, 2014. * ^ "Joseph A. Ripp". _ Bloomberg Business _. Bloomberg L.P. Retrieved May 31, 2015. * ^ "TIME INC." (PDF). _Edgar Online_. Retrieved June 6, 2016. * ^ " Time Inc.
Time Inc.
acquires FanSided, a sports and entertainment digital network". _Sports Illustrated_. 2015-05-26. Retrieved August 21, 2016. * ^ Lunden, Ingrid (February 11, 2016). "Time Inc Acquires Viant, Owner Of Myspace And A Vast Ad Tech Network". _ TechCrunch
TechCrunch
_. AOL
AOL
. Retrieved February 11, 2016. * ^ A. Trachtenberg, Jeffrey (February 7, 2017), _Meredith, Bronfman Move Forward in Effort to Acquire Time Inc._, New York City: _ The Wall Street Journal
The Wall Street Journal
_, retrieved February 8, 2017 * ^ O'Shea, Chris (September 7, 2016). " Time Inc.
Time Inc.
Buys Survey Company BizRate Insights". _AdWeek_. AdWeek. Retrieved June 7, 2017. * ^ http://www.cnbc.com/2017/04/28/shares-of-time-inc-drop-19-after-company-drops-plan-to-sell-itself.html

SOURCES

* Brinkley, Alan (2010). _The Publisher: Henry Luce
Henry Luce
and his American Century_. New York City
New York City
: Vintage Books . pp. 302–303; 322–393. ISBN 978-0679741541 .

EXTERNAL

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