Magazine Media’s Dismal Record in Public Equity Markets

When Time Inc. declared it was putting the brakes on a potential sale, the announcement served — among other things — as a reminder that the public equity markets have not been kind to magazine media. Time Inc. spun out from Time Warner in 2014, emerging as a standalone company with some of the most storied magazine brands in history, but also $1.3 billion in debt and a lengthening record of declining revenue. Last year was no exception, with revenue falling to just under $3.1 billion. In 2010, by contrast, the company’s revenue was $3.7 billion. Time Inc.’s stock peaked at $25.62 just a month or so after the spinoff, and after a rally in early 2015, it’s never gotten close to that point again. It was trading at under $15 early this week.

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Bronfman-backed group walks away from Time Inc

An investment group backed by Edgar Bronfman Jr, former chief executive of Warner Music, Len Blavatnik, the billionaire owner of Warner Music Group, and Ynon Kreiz, who ran Maker Studios, will not pursue an acquisition because of a valuation gap, people said who were familiar with the situation.

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Time Inc rejects $1.8bn bid from media executives

According to the FT, Time Inc, the publishing company that owns Sports Illustrated, People and Time magazines, has rejected an unsolicited bid worth close to $1.8bn from a consortium backed by Len Blavatnik, the billionaire owner of Warner Music Group, according to people briefed on the offer.

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Time Inc. buys consumer data provider Bizrate Insights

In line with its consistent endeavors toward transforming into a data-driven company, Time Inc. recently bought a customer survey provider, Bizrate Insights, which was previously owned by Connexity Inc. It also stated that Bizrate Insights’ survey platform will be combined with its affinity marketing subsidiary, Synapse Group, Inc.

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Time inc completes sale of motoring brands to Kelsey

Time Inc. UK today announces the sale of its Motoring brands to Kelsey Media. The deal sees Kelsey acquire VolksWorld, VolksWorld Camper & Bus and VWt, as well as the annual VolksWorld Show and VolksWorld Camper & Bus Show, with immediate effect. There will be no interruption to the publishing schedules of the three print titles

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Time inc may buy Yahoo after MySpace deal

Time Inc, the publisher of Sports Illustrated, People and Time magazine, is considering a deal to buy the core business of Yahoo Inc, Bloomberg reported, citing people familiar with the matter.

Time has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time

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