Time Inc UK almost doubles pre-tax profits but revenues fall 7%

Time Inc UKMarie Claire and NME publisher Time Inc UK almost doubled pre-tax profits in 2013, while revenues across its magazine portfolio fell 7% year on year. Time Inc UK, rebranded from IPC Media last month following the spin-off from US parent company Time Warner, reported pre-tax profits of £21.5m last year, according to its latest annual results filed with Companies House.

For the full story read The Guardian