Time Inc (TIME.N)
* Time Inc - CEO Richard Battista's 2016 total compensation was $5.8 million - SEC Filing
* Takes sole share stake of 550,000 class A shares of Snap Inc - SEC filing
* Ups share stake in Facebook Inc to 262,900 class A shares from 68,800 class A shares - SEC filing
* Time inc - Kraft Heinz Foods Company's Cracker Barrel Macaroni & Cheese has signed on as initial launch advertiser of well done Source text for Eikon: Further company coverage:
* Time - speculation over last 6 months around potential change of ownership was a "major distraction" to employees and advertisers and other partners
Time Inc's shares plunged 17 percent on Wednesday after the magazine publisher slashed its dividend amid a push to cut costs, following its decision to not sell itself.
* Sales fall for 4th straight qtr (Adds details from earnings call, updates shares)
* John Fahey appointed non-executive chairman of Time Inc; Dan Rosensweig nominated to board of directors
May 10 Time Inc, the publisher of Sports Illustrated and People magazines, on Wednesday slashed its dividend in an effort to bolster its balance sheet, and also reported a nearly 8 percent fall in quarterly revenue.
* Time Inc - board of directors revises capital allocation strategy to enhance financial flexibility