If this company won't give you the Time, who will? Time Inc. is a leading consumer magazine publisher with more than 20 US magazines and 45 corresponding websites. In addition to Time, its titles include Entertainment Weekly, Food & Wine, People, Fortune, Travel & Leisure, and Sports Illustrated. Subsidiary Essence Communications publishes Essence magazine, while IPC Group Limited is the UK's top magazine publisher (Now, Look). The publisher accounted for nearly 15% of revenue for Time Warner before it was spun off into a separate publicly traded company in 2014.
Time Inc. is organized through three groups: Style & Entertainment, Lifestyle, and News & Sports. Style & Entertainment is anchored by flagship title People magazine, while the Lifestyle Group includes Real Simple, Travel & Leisure, and Southern Living, among other titles. Its News & Sports Group includes Time, Sports Illustrated, and Golf, as well as the FORTUNE and Money brands and the CNNMoney.com and Life.com websites.
Internationally, Time Inc. licenses some 70 editions of its magazines for publication outside the US. It publishes more than a dozen magazines in Mexico, including business title Expansión and celebrity magazine Quién, through its Grupo Expansión (GEX) unit. Among the some 55 UK titles from IPC are What's On TV and Woman.
The economic recession in the US has had a significant impact on Time Inc, part of an industry that was already struggling to compete with the increasing amount of free or low-cost content made available by the explosion of digital publishing.
Time Inc. is dealing with a massive shift of readers and marketers to the Internet and digital readers. The company launched versions of some of its magazines for Apple's iPad. The issues are available through Apple's iTunes App Store for download, a single issue at a time. At this point it offers all of US titles on multiple digital devices and platforms, allowing subscribers to the print edition free digital access.
Mergers and Acquisitions
In 2014 the company acquired Cozi Inc., a Seattle-based maker of mobile and digital family organizing tools. In 2013 the company acquired American Express Publishing Corporation, the former publishing operations of American Express. The deal came after a 20-year partnership under which Time Inc. managed those publishing operations.