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Time Inc (TIME.N)

TIME.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Time Inc partners with Google to launch Adapt Video
Thursday, 12 Oct 2017 10:00am EDT 

Oct 12 (Reuters) - Time Inc :Time inc. Partners with google to launch adapt, new, innovative native video advertising tool.Time inc - ‍announced launch of adapt video, a proprietary video advertising unit created by co in partnership with google​.  Full Article

Time‍ to extend maturity of revolving credit facility to Oct 2022​
Wednesday, 11 Oct 2017 05:51pm EDT 

Oct 11 (Reuters) - Time Inc :Time - ‍ Enters amendment to credit agreement, dated as of April 24, 2014 to extend maturity of revolving credit facility from June 2019 to Oct 2022​.Time Inc - Amendment ‍reduces revolving credit commitments under revolving credit facility from $500.0 million to $300.0 million​.Time Inc says amends ‍maturity of outstanding term 'B' loan from April 2021 to October 2024- SEC filing​.  Full Article

Time announces launch of senior notes offering
Monday, 2 Oct 2017 07:33am EDT 

Oct 2 (Reuters) - Time Inc :Time Inc announces launch of senior notes offering.Time Inc - ‍launched a private offering of $300 million aggregate principal amount of senior notes​.Time Inc - to use proceeds from offering, cash on hand to repay about $200 million of outstanding borrowings under co's senior secured term loan facility​.Time - to use net proceeds from offering, cash on hand to reduce by about $100.0 million principal amount of term loan facility, 5.75% senior notes due 2022.  Full Article

Time says co is seeking amendment to credit agreement to extend maturity of revolving credit facility‍​
Friday, 22 Sep 2017 07:07am EDT 

Sept 22 (Reuters) - Time Inc :Time - is seeking amendment to credit agreement in order to extend maturity of revolving credit facility from April 2019 to Oct 2022 ‍​.Time - in connection with amendment to credit agreement, intends to commence offering of up to $300.0 million in senior unsecured notes due 2025 - SEC filing.Time Inc says re-affirming 2017 adjusted OIBDA outlook of at least $400 million with a plan to be flat year-over-year‍​.Time Inc - ‍expects its cost savings and efficiency initiatives will offset advertising softness in Q3 - SEC filing​.Time Inc - ‍ seeking an amendment to its credit agreement in order to extend maturity of its outstanding term "B" loan from April 2021 to October 2024​.Time - ‍during Q3, experienced "softness" in both print & other advertising revenues and digital advertising revenues relative to expectations.Time Inc - expects cost savings and efficiency initiatives will offset the advertising softness in the third quarter‍​.Time-‍in July, received subpoena from enforcement division of sec requiring it to provide documents relating to certain goodwill and asset impairments.Time Inc - ‍has identified, and is pursuing, divestiture opportunities with respect to several assets​.Time Inc - intends to use net proceeds of offering, together with existing cash on hand to repay $200.0 million of term loan.Time Inc - July's subpoena from SEC also requires co to provide documents relating to some restructuring and severance costs.  Full Article

Time Inc appoints Edward Felsenthal Editor-in-Chief of TIME
Thursday, 14 Sep 2017 10:25am EDT 

Sept 14 (Reuters) - Time Inc ::Time Inc. Appoints Edward Felsenthal Editor-in-Chief of TIME.Felsenthal succeeds Nancy Gibbs, who stepped down from role on Sept 12​.  Full Article

Time Inc says terminated 381 employees under cost re-engineering program
Tuesday, 8 Aug 2017 08:07am EDT 

Aug 8 (Reuters) - Time Inc ::Says terminated 381 employees resulting in severance expense of about $31 million under cost re-engineering program announced in June - Sec Filing.  Full Article

Time Inc reports Q2 loss per share $0.44
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - Time Inc :Time Inc announces strategic transformation program and reports second quarter 2017 results.Time Inc - ‍strategic transformation program has already targeted more than $400 million of run-rate cost savings​.Time Inc - ‍management projects a minimum range of $500 million to $600 million of adjusted OIBDA within 3 to 4 years​.time inc - ‍Q2 operating loss of $38 million principally due to goodwill impairment and restructuring and severance charges​.Time Inc announces strategic transformation program and reports second quarter 2017 results.Q2 revenue fell 10 percent to $694 million.Management reaffirms 2017 outlook for adjusted OIBDA.Time Inc - ‍Q2 adjusted OIBDA of $88 million; roughly flat year-over-year​.Revenues continued to be impacted by disruption through first half of 2017.Time Inc qtrly loss per share $0.44; qtrly adjusted earnings per share $0.13‍​.Q2 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Q2 revenue view $703.5 million -- Thomson Reuters I/B/E/S.  Full Article

Katie J. Stanton appointed to Time Inc. board of directors
Monday, 7 Aug 2017 11:39am EDT 

Aug 7 (Reuters) - Time Inc :Time Inc - ‍appointment of Katie J. Stanton, former vice president, Global Media at Twitter, to its board of directors​.  Full Article

Time announces sale of INVNT
Thursday, 27 Jul 2017 03:52pm EDT 

July 27 (Reuters) - Time Inc :Time Inc. announces sale of INVNT.No terms were disclosed..Time Inc - ‍"Sale aligned with company's strategy to rationalize its portfolio​".  Full Article

Time Inc's video social brand announces Kraft Heinz as launch advertiser
Monday, 15 May 2017 09:00am EDT 

May 15 (Reuters) - Kraft Heinz Co :Time inc - Kraft Heinz Foods Company's Cracker Barrel Macaroni & Cheese has signed on as initial launch advertiser of well done.  Full Article

BRIEF-Time Inc partners with Google to launch Adapt Video

* Time inc. Partners with google to launch adapt, new, innovative native video advertising tool