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Last $22.69 USD
Change Today -0.94 / -3.98%
Volume 1.8M
TIME On Other Exchanges
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As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

time inc (TIME) Key Developments

CineSport's Merger Talks With Time Reportedly Fall Apart

Time Inc. (NYSE:TIME) was in talks to acquire CineSport, LLC but the talks fell apart several weeks ago, The New York Post reported citing industry source. A Time Inc. spokesman said, "We don't comment on mergers and acquisitions." Gregg Winik, a former Executive Vice President of CineSport, LLC declined to comment on any talks with Time Inc.

Time Reportedly Mulls Acquisitions

Time Inc. (NYSE:TIME) is looking for acquisitions. Joe Ripp, Chief Executive Officer of Time Inc. is particularly interested in pushing the sports market aggressively and is scouting for deals, The New York Post reported citing industry sources.

Time Inc. Names Rich Battista as Executive Vice President of Time Inc. and President of People and EntertainmentWeekly

Time Inc. has named Rich Battista as Executive Vice President of Time Inc. and President of People and EntertainmentWeekly.Battista, CEO of Mandalay Sports Media (MSM) and a former Fox and News Corp. executive, assumes his new role on April 6. Battista will report to Chairman and CEO Joe Ripp and be based at Time Inc.’s headquarters in New York. Battista will have full operational oversight of growing the core businesses of People and Entertainment Weekly in addition to extending their print and digital businesses into a number of media platforms. Karen Kovacs, Editorial Director Jess Cagle and Senior Vice President of Marketing and Strategy Susan Parkes will report to Battista. Entertainment Weekly Publisher Melissa Mattiace is now reporting to Kovacs.

Time Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-02-2015 01:20 PM

Time Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-02-2015 01:20 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Jeffrey J. Bairstow, Chief Financial Officer and Executive Vice President, Joseph A. Ripp, Chairman and Chief Executive Officer, Norman Pearlstine, Chief Content Officer and Executive Vice President.

Time Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Declares Dividend, Payable on March 13, 2015

Time Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of USD 895 million compared to USD 966 million a year ago. Operating income was USD 215 million compared to USD 100 million a year ago. Income before income taxes were USD 188 million compared to USD 101 million a year ago. Net income was USD 145 million compared to USD 66 million a year ago. Diluted net income per common share was USD 1.32 compared to USD 0.61 a year ago. Adjusted OIBDA was USD 203 million compared to USD 204 million a year ago. Adjusted net income was USD 80 million compared to USD 110 million a year ago. Adjusted diluted EPS was USD 0.73 compared to USD 1.02 a year ago. Cash provided by operations was USD 111 million compared to USD 171 million a year ago. Capital expenditures were USD 11 million compared to USD 15 million a year ago. Free cash flow was USD 100 million compared to USD 156 million a year ago. For the year, the company reported total revenues of USD 3,281 million compared to USD 3,354 million a year ago. Operating income was USD 180 million compared to USD 330 million a year ago. Income before income taxes were USD 123 million compared to USD 326 million a year ago. Net income was USD 87 million compared to USD 201 million a year ago. Diluted net income per common share was USD 0.80 compared to USD 1.85 a year ago. Cash provided by operations was USD 281 million compared to USD 418 million a year ago. Capital expenditures were USD 41 million compared to USD 34 million a year ago. Adjusted OIBDA was USD 524 million compared to USD 587 million a year ago. Adjusted net income was USD 174 million compared to USD 286 million a year ago. Adjusted diluted EPS was USD 1.58 compared to USD 2.64 a year ago. Free cash flow was USD 240 million compared to USD 384 million a year ago. The company provided earnings guidance for the year 2015. For the year, the company expects operating income to be in the range of USD 85 million to USD 100 million, OBIDA to be in the range of USD 260 million to USD 290 million and adjusted OBIDA to be in the range of USD 440 million to USD 490 million. Revenues are expected to be in the range of 3% to 6%. Capital expenditures are expected to be in the range of USD 210 million to USD 220 million. On February 12, 2015, the company's Board of Directors declared a dividend of USD 0.19 per share to stockholders of record as of the close of business on February 27, 2015, payable on March 13, 2015.

 

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TIME

Industry Average

Valuation TIME Industry Range
Price/Earnings 29.8x
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow 15.7x
TEV/Sales 0.2x
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