Time Inc. Shares Slip Nearly 1% on First Day of Trading

Shares in Time Inc., owner of People, Sports Illustrated and Time magazines, were off nearly 1% to $23.30 Monday, its first day of trading as a public company.The company's share price had tumbled about 4% after trading began but regained much of the lost ground during the afternoon.Time Inc. is the nation's largest magazine publisher and the only pure-play magazine company to trade publicly after parent Time Warner decided to spin off the underperforming publishing unit. Time Warner now plans to focus on its entertainment properties, including HBO, Turner networks and CNN. Shares of Time Warner were up more than 1% Monday to $68.99. Continue reading at AdAge.com Continue reading at 'Advertising Age'

[ Advertising Age | 2014-06-10 00:00:00 UTC ]
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Time Warner Names Joe Ripp CEO of Time Inc.

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[ AllThingsD | 2013-07-22 00:00:00 UTC ]
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Time Warner spinning off Time Inc. magazine biz this year

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[ Crains New York | 2013-03-07 00:00:00 UTC ]
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Time Warner Dumps Time Inc., and Wall Street Loves It

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[ AllThingsD | 2013-02-15 00:00:00 UTC ]
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Time Warner Put the "For Sale" Sign on Time Inc. Last Fall

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[ AllThingsD | 2013-02-14 00:00:00 UTC ]
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[ Crains New York | 2013-02-14 00:00:00 UTC ]
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Media Decoder Blog: Time Warner Picks New Head for Time Inc. Magazine Unit

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[ The New York Times | 2011-11-30 00:00:00 UTC ]
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[ The Bookseller | 2011-08-31 00:00:00 UTC ]
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Time strikes a deal to funnel 101 years of journalism into OpenAI's gaping maw

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