Last €18.38 EUR
Change Today +0.013 / 0.07%
Volume 0.0
17T On Other Exchanges
Symbol
Exchange
Berlin
New York
Mexico
As of 2:10 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

time inc (17T) Snapshot

Open
€18.37
Previous Close
€18.37
Day High
€18.45
Day Low
€18.16
52 Week High
07/22/14 - €19.16
52 Week Low
06/4/14 - €15.50
Market Cap
2.0B
Average Volume 10 Days
79.9
EPS TTM
--
Shares Outstanding
108.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TIME INC (17T)

time inc (17T) Details

Time Inc. publishes magazines in the United States, the United Kingdom, and internationally. It publishes 23 magazines under People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, and Fortune names in the United States, as well as 70 magazines internationally. The company also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfillment services to other third-party clients, including other magazine publishers. In addition, it operates 45 magazine related Websites; publishes home, cooking, and health books under its lifestyle-oriented brands and licensed third-party brands; and licenses approximately 50 editions of its magazines to publishers in 20 countries. The company was founded in 1922 and is headquartered in New York, New York. Time Inc. is a subsidiary of Historic TW, Inc. Time Inc. (NYSE:TIME.WI) operates independently of Time Warner Inc. as of June 06, 2014.

7,900 Employees
Last Reported Date: 05/8/14
Founded in 1922

time inc (17T) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $905.1K
Executive Vice President and Group President ...
Total Annual Compensation: $952.5K
Chief Content Officer and Executive Vice Pres...
Total Annual Compensation: $1.5M
Executive Vice President
Total Annual Compensation: $957.2K
Compensation as of Fiscal Year 2013.

time inc (17T) Key Developments

Time Inc. Appoints Andy Bush as Senior Vice President of Global Accounts

Time Inc. named Andy Bush as Senior Vice President of Global Accounts. In this newly-created role, Bush will focus on driving revenue from Fortune Global 500 companies and agency networks headquartered outside the U.S. He will be based in London and report to Time Inc. Executive Vice President of Global Advertising, Mark Ford. Prior to his current appointment, Bush was International Publisher of TIME and FORTUNE, a position he has held since March 2013.

Time Inc. Appoints Brian Lew as Senior Vice President of Strategic Planning and Mergers & Acquisitions

Time Inc. named Brian Lew Senior Vice President of Strategic Planning and Mergers & Acquisitions. In this newly-created position, Lew will lead a team that will advise senior management on corporate strategy, acquisitions, investments, and partnerships as well as manage the process for transactions. Lew will report to Jeff Bairstow, Time Inc. Executive Vice President and Chief Financial Officer, and assume his new role on September 2nd. Lew joins the company from Time Warner Inc. These transactions included the acquisitions of Bleacher Report, Alloy Entertainment, and the broadcast rights to the NCAA Men's Basketball Tournament as well as investments in Central European Media Enterprises. In addition, he worked on initiatives to realign Time Warner's portfolio of businesses, including the spin-offs of Time Inc. and Time Warner Cable and Time Inc.'s divestiture of Time4 Media.

Time Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Goodwill Impairment for the Second Quarter Ended June 30, 2014; Updates Earnings Guidance for the Full Year of Fiscal 2014; Provides Revenue Guidance for the Third Quarter of 2014

Time Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced total revenues of $820 million compared to $833 million for the same period a year ago. Operating loss was $21 million compared to operating income of $124 million for the same period a year ago. Loss before income taxes was $33 million compared to income before income taxes of $121 million for the same period a year ago. Net loss was $32 million or $0.30 per basic and diluted share compared to net income of $75 million or $0.69 per basic and diluted share for the same period a year ago. OIBDA was $27 million compared to $154 million for the same period a year ago. Adjusted OIBDA was $113 million compared to $155 million for the same period a year ago. Cash provided by operations was $80 million compared to $119 million for the same period a year ago. Capital expenditures were $16 million compared to $6 million for the same period a year ago. Free cash flow was $64 million compared to $113 million for the same period a year ago. Adjusted net income was $33 million compared to $76 million for the same period a year ago. Adjusted diluted EPS was $0.30 compared to $0.70 for the same period a year ago. For the six months, the company announced total revenues of $1,565 million compared to $1,570 million for the same period a year ago. Operating loss was $141 million compared to operating income of $115 million for the same period a year ago. Loss before income taxes was $149 million compared to income before income taxes of $111 million for the same period a year ago. Net loss was $106 million or $0.98 per basic and diluted share compared to net income of $67 million or $0.62 per basic and diluted share for the same period a year ago. OLBDA was $50 million compared to OIBDA of $177 million for the same period a year ago. Adjusted OIBDA was $117 million compared to $231 million for the same period a year ago. Cash provided by operations was $80 million compared to $118 million for the same period a year ago. Capital expenditures were $23 million compared to $12 million for the same period a year ago. Free cash flow was $57 million compared to $106 million for the same period a year ago. Adjusted net income was $49 million compared to $103 million for the same period a year ago. Adjusted diluted EPS was $0.45 compared to $0.95 for the same period a year ago. For the second quarter ended June 30, 2014, the company announced goodwill impairment of $26 million. The company updated earnings guidance for the full year of fiscal 2014. The company is updating its 2014 outlook to reflect the impact of the wholesaler transition, the early relocation of the company’s corporate headquarters, and the sale of GEX. For the year 2014, the company expected to report operating income between $102 million and $130 million, depreciation between $100 million and $104 million, amortization as $78 million, OIBDA between $280 million and $312 million, adjusted OIBDA between $510 million and $547 million. The company currently expects full year revenues to be between $3.299 billion and $3.366 billion. Previously the company expects to report revenues between $3,354 million and $3,421 million and adjusted OIBDA between $545 million and $582 million. For the third quarter of 2014, total revenues are estimated to be up low-single digits year-on-year. The estimated revenue impact from the wholesaler transition is estimated at $3 million, with the quarterly impact of frequency issues and GEX each representing approximately $11 million in unfavorable comparisons for the quarter. Excluding the impact of AMG, CNNMoney, the wholesaler transition, frequency issues and GEX, revenues are likely to be down low single digits in third quarter.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
17T:GR €18.38 EUR +0.013

17T Competitors

Market data is delayed at least 15 minutes.

Company Last Change
New York Times Co/The $11.93 USD -0.05
View Industry Companies
 

Industry Analysis

17T

Industry Average

Valuation 17T Industry Range
Price/Earnings 92.7x
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow 29.1x
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact TIME INC, please visit www.timeinc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.