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71-536: Meredith Corporation was an American media conglomerate based in Des Moines, Iowa , that owned newspapers, magazines, television stations, and websites. Its publications had a readership of more than 120 million and paid circulation of more than 40 million, and its websites had nearly 135 million monthly unique visitors. Its broadcast television stations reached 11% of U.S. households. Edwin Thomas Meredith founded
142-460: A "magazine group" in 1985 (under Kelso F. Sutton to 1986,and then Reginald K. Brack Jr.) and then became president and CEO of a newly incorporated subsidiary,"The Time Inc. Magazine Company" in 1988 (initially with John A. Meyers as chairman). In 1992, Time Warner reorganized so that the non-magazine parts of Time Inc. came directly under the parent and the Time Inc. name was downgraded to only include
213-559: A $ 100,000 goal, the first issue of Time was published on March 3, 1923, as the first weekly news magazine in the United States. Luce served as business manager while Hadden was editor-in-chief. Luce and Hadden annually alternated year-to-year the titles of president and secretary-treasurer. Upon Hadden's sudden death in 1929, Luce assumed Hadden's position. Luce launched the business magazine Fortune in February 1930 and created/founded
284-482: A $ 2.8 billion deal. $ 640 million in backing was provided by Koch Equity Development , but the Koch family would not have a board seat or otherwise influence the company's operations. On January 9, 2018, it was announced that Meredith would launch a Hungry Girl magazine on January 16, expanding from the online brand. On January 31, 2018, the company completed the acquisition of Time Inc. In March 2018, only six weeks after
355-615: A cash and stock deal valued at $ 2.4 billion. Pending regulatory and shareholder approval, the deal was expected to be consummated in June 2016. The combined company would have operated under the name Meredith Media General, and be the third-largest owner of television stations in the United States—serving an estimated 30% of households. To comply with FCC ownership limits, the company would have divested and/or swapped stations in six markets. Media General shareholders would have controlled 65% of
426-477: A deal with Freeform TV channel to develop Meredith magazine stories, including People' s "Heroes Among Us" franchise, into telefilms. Four M Studios partnered with Imagine Entertainment's Imagine Kids & Family division. Its first project from the partnership is LIFE for Kids , a children's TV show using LIFE Magazine 's photo archive. Media conglomerate A media conglomerate , media company , media network , media group , or media institution
497-527: A few TV shows in 2014 and 2015, the company formed Time Inc. Productions in 2016 as its in-house production company. On February 11, 2016, Time Inc. announced that it has acquired Viant, a leading people based marketing platform and owner of MySpace . With the purchase of Time Warner by AT&T, it was agreed that Time Warner television assets such as HBO also came under the AT&;T umbrella; after WarnerMedia spun off from AT&T in 2021, these assets came under
568-733: A new building, also in Rockefeller Center , 1271 Avenue of the Americas . Time rented additional offices in the adjacent 135 West 50th Street building. In 2014, Time moved to Brookfield Place in lower Manhattan . When they were being built, both the Rockefeller Plaza and Avenue of the Americas buildings were given the name "Time & Life Building" at the time after their main soon-to-be tenant, but also lost it when that tenant moved elsewhere. This incidentally, did not apply to their 153 New Bond Street, London W1Y0AA UK premises; it too
639-445: A number of companies ( subsidiaries ) engaged in generally unrelated businesses. Some media conglomerates use their access in multiple areas to share various kinds of content such as: news, video and music, between users. The media sector's tendency to consolidate has caused formerly diversified companies to appear less diverse to prospective investors in comparison with similar companies that are traded publicly and privately. Therefore,
710-581: A pay TV deal by May 2018 with FuboTV . In November 2017, it launched its first over-the-top subscription service, Sports Illustrated TV, available via Amazon Channels. On October 30, 2017, it announced that Paramount Network was partnering with it on two TV pilots. Time Inc. Productions was renamed Four M Studios in May 2018. Four M would expand from the Time titles to all Meredith titles and to freestanding lifestyle shows and scripted shows. Four M also announced at that time
781-426: A publicly traded company. Time Warner 's chairman/CEO Jeff Bewkes said that the split would allow Time Warner to focus entirely on its television and film businesses, and Time Inc. to focus on its core print media businesses. It was announced in May 2014 that Time Inc. would become a publicly traded company on June 6 of that year. The spin-off was completed on June 9, 2014. As of September 13, 2016, Rich Battista
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#1732851140078852-415: A series of nine prime-time television specials, which Avco Program Sales is syndicating, aimed for youth children. In 1987, Meredith Corporation made a deal that they would purchase MMT Sales for $ 40 million, and would represent national advertising spot time on 60 stations across the entire US country. In 1994, Meredith and CBS struck an agreement to renew its Kansas City station and affiliate two of
923-458: Is a company that owns numerous companies involved in mass media enterprises, such as music , television , radio , publishing , motion pictures , video games , amusement park , or the Internet . The weekly magazine The Nation commented, "Media conglomerates strive for policies that facilitate their control of the markets around the world." A conglomerate is a large company composed of
994-641: Is less diversity in news and entertainment and therefore less competition. This can result in the reduction of different points of view as well as vocalization about different issues. There is also a lack of ethnic and gender diversity as a majority of those in media are white, middle-class men. There is a concern that their views are being shared disproportionately more than other groups, such as women and ethnic minorities. Women and minorities also have less ownership of media. Women have less than 7 percent of TV and radio licenses, and minorities have around 7 percent of radio licenses and 3 percent of TV licenses. In
1065-523: The Bay City and Phoenix stations with the network. In March 2012, Meredith acquired allrecipes.com from Reader's Digest Association for $ 175 million. In February 2013, Meredith discussed buying an interest in Time Inc. from Time Warner . Instead, Time Warner sold Time Inc. as a separate company. In October 2014, Meredith announced a 10-year licensing agreement with Martha Stewart Living Omnimedia of
1136-764: The Hachette Book Group since its 2006 acquisition by Hachette Livre ) for $ 17 million in January 1968. Time Inc. also owned pioneering cable network Home Box Office (HBO). In 1974, Time Inc. launched the celebrity-focused magazine People . In February 1985, Time Inc. announced that it would acquire the Birmingham, Alabama -based Southern Progress Corporation, publishers of the Southern Living magazine for $ 480 million. In 1987, Time Inc. and Robin Wolaner launched
1207-685: The Money brand and website to Ad Practitioners LLC, a media and advertising company based in Puerto Rico . Terms were not disclosed, but sources said the brand went for just over $ 20 million, that was more than the $ 10 million Meredith was seeking in early 2019. In November 2019 the company unloaded one more asset acquired in the Time Inc. acquisition, its 60% equity ownership of digital advertising company Viant Technology Holding Inc. that, among other assets, owns social networking site Myspace . Also in November 2019,
1278-422: The 1970s and 1980s, purchasing what was later spun off as Temple-Inland paper company and various broadcasting and cable television operations such as HBO and what became Time Warner Cable . As the distinction between the overall corporation and the magazine operation grew, the position that had been "Group Vice President, Magazines" or "Executive Vice President, Magazines" became president and chief executive of
1349-814: The 2024 Forbes Global 2000 list, Comcast is the world's largest media conglomerate, in terms of revenue, with The Walt Disney Company , Warner Bros. Discovery , & Paramount Global completing the top four. In 1984, fifty independent media companies owned the majority of media interests within the United States. By 2011, 90% of the United States's media was controlled by six media conglomerates: GE/Comcast (NBC, Universal), News Corp (Fox News, Wall Street Journal , New York Post ), Disney (ABC, ESPN, Pixar), Viacom (MTV, BET, Paramount Pictures), Time Warner (CNN, HBO, Warner Bros.), and CBS (Showtime, NFL.com). Between 1941 and 1975, several laws that restricted channel ownership within radio and television were enacted in order to maintain unbiased and diverse media. However under
1420-519: The Gray and IAC transactions. Both deals were completed on December 1. On February 9, 2022, it was revealed that six former Meredith Corporation magazines ( Entertainment Weekly , InStyle , EatingWell, Health , Parents and People en Espanol ) will cease having print circulation and switch to a digital-only format. Meredith magazines include the following brands: Defunct magazines include The broadcasting division owned 15 television stations . Most of
1491-621: The Reagan administration, Congress and the Federal Communications Commission , then led by FCC Chairman Mark S. Fowler , began a concerted deregulation over the years 1981 and 1985. The number of television stations a single entity can own increased from seven to 12 stations. The industry continued to deregulate with enactment of the Telecommunications Act of 1996 . Signed by President Bill Clinton on 8 February 1996, it
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#17328511400781562-455: The Time Warner board, and formally by Ripp in 2013). McManus left the board of what had become Time Warner shortly before retiring, and his replacement Norman Pearlstine and successors John Huey (2006–2012) and Martha Nelson (2013) were never directors of the parent. The title was then abolished. Linen became chairman of the executive committee for a time after serving as president, then
1633-565: The Time acquisition and the lawsuit, and allowing the formation of the two companies' merger which was completed on January 10, 1990. Effectively, Time took over Warner, resulting in a new corporate structure and the new combined company being called "Time Warner". In November 1990, Time Inc. announced that it would acquire the remaining stake in Hippocrates Partners (Time earlier purchased its 50% stake in July 1988). The Pathfinder website
1704-449: The UK magazine house Time Inc. UK (which was later sold and since has been rebranded to TI Media ), whose major titles include What's on TV , NME , Country Life , and Wallpaper . Time Inc. also co-operated over 60 websites and digital-only titles including MyRecipes , Extra Crispy , TheSnug , HelloGiggles , and MIMI . In 1990, Time Inc. merged with Warner Communications to form
1775-603: The board in 2017 and John Fahey served as non-executive chairman for the months prior to the company's sale to Meredith. On May 28, 2015, Time Inc. announced the purchase of entertainment and sports news site FanSided . In July 2015, Time Inc. acquired League Athletics in Tucson , SportsSignup in Saratoga Springs , and iScore in Los Alamitos . The three companies will be a part of Sports Illustrated Play. After attempting
1846-422: The book publishing business that combined the resources of their magazines with the formation of Time Life (it later became the holding company for television and radio stations and had a film production division, Time Life Films and a record label). Time Inc. later acquired Boston -based Little, Brown and Company (later integrated into Time Warner Book Group following its merger with Warner Books, now known as
1917-638: The cities were properly zoned,' he recalls. 'I went to the Post Office Department and showed them how we were making the zone system work. ' " In 1963, the United States Post Office introduced ZIP codes . Luce, who remained editor-in-chief of all his publications until 1964, maintained a position as an influential member of the Republican Party . Holding anti-communist sentiments, he used Time to support right-wing dictatorships in
1988-455: The closure of the deal, Meredith announced that it would lay off 200 employees, up to 1,000 more over the next 10 months, and explore the sale of Fortune , Money , Sports Illustrated , and Time . Meredith felt that, despite their "strong consumer reach", these brands did not align with its core lifestyle properties. Howard Milstein had announced on February 7, 2018, that he would acquire Golf Magazine from Meredith, and Time Inc. UK
2059-419: The company announced the launch of a new quarterly magazine, called Reveal, in January 2020 in collaboration with Drew and Jonathan Scott from HGTV 's Property Brothers . On May 3, 2021, Meredith announced an agreement with Gray Television for the latter to acquire Meredith's television division. The transaction will be structured as a spin-off of a new (short-lived) Meredith Corporation, containing
2130-408: The company became a public company . In 1970, the company attempted to enter the entertainment industry by purchasing game show and film producer Ralph Andrews Productions . Two years later, it became MC Productions, and Ralph Andrews bought back rights to the game shows later that year, which resulted in a subsequent lawsuit in the late 1970s. In 1973, Meredith teamed up Avco Broadcasting to produce
2201-406: The company in 1902 when he began publishing Successful Farming magazine . In 1922, Meredith began publishing Fruit, Garden and Home magazine, a home and family service publication. In 1924, the magazine was retitled Better Homes and Gardens , and the first issue cost a dime on the newsstand. In 1930, the company published the first edition of The Better Homes and Gardens Cook Book . In 1946,
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2272-443: The company's stations were affiliated with CBS or Fox . Meredith's broadcasting division also produced Better from 2007 until 2015, which was originally conceived as a brand extension of BH&G . Since its inception in 2007 the show has placed an increasing emphasis on celebrity interviews and music performances. There were also cooking demonstrations and regular features on health, beauty, fitness and fashion. Local versions of
2343-443: The company, with Meredith shareholders holding 35%. However, the offer was countered by Nexstar Broadcasting Group , who made a successful, $ 4.6 billion bid to acquire Media General instead. In February 2017, it was reported that Meredith and a group of investors led by Edgar Bronfman Jr. were considering another possible purchase of Time Inc. On November 26, 2017, it was announced that Meredith Corporation would acquire Time Inc. in
2414-637: The concentration of multiple media enterprises in a few companies. This concentration is an ongoing concern for the Canadian Radio-television and Telecommunications Commission , the Australian Communications and Media Authority , the Philippine National Telecommunications Commission , and New Zealand's Broadcasting Standards Authority . Other countries that have large media conglomerates with impacts on
2485-806: The concept continue to air on Meredith stations. On December 23, 2013, Meredith announced plans to buy St. Louis CBS affiliate KMOV and Phoenix independent station KTVK for $ 407.5 million in cash from Gannett Company and Sander Media, LLC to satisfy a federal mandate that Gannett sell KMOV. The purchase of KMOV was completed on February 28, 2014, while the KTVK sale was completed on June 19. Meredith has also struck deals to acquire ABC affiliate WGGB in Springfield, Massachusetts from Gormally Broadcasting for $ 53.8 million and Fox affiliate WALA in Mobile, Alabama from LIN Media for $ 86 million. The Local Media Division
2556-459: The feuds Chambers had with reporters in the field. In the 1950s, the Time Inc. executive Brumbaugh made presentations to the Post Office Department to explain how Time Inc. was using a zoning system to speed the delivery of its magazines. Although the Post Office Department had instigated zones in 1943, they were inconsistently applied. As cited in FYI, Time Inc.'s internal newsletter " 'Fewer than 40% of
2627-404: The fold of Warner Bros. Discovery . In February 2017, it was reported that Meredith Corporation and a group of investors led by Edgar Bronfman Jr. were considering purchasing Time Inc. In 2016, Time Inc. acquired Bizrate Insights . On April 28, 2017, the company's board of directors dropped the plan of selling the company and instead focus on growth strategies. On November 26, 2017, it
2698-423: The magazine company, so the officers of the "Magazine Company" became the officers of what was now Time Inc. Later that year, CEO Brack shifted to chairman with Don Logan as president; he stepped down in favor of Logan as CEO in 1994 and chairman in 1997. Logan moved up to a group oversight position including additional Time Warner operations in 2002 ( Ann S. Moore succeeding him at the magazine operation) and left
2769-496: The magazine in 2000) In 2008, Time Inc. launched Maghound , an internet-based magazine membership service that featured approximately 300 magazine titles from both Time Inc. brands and external publishing companies. On January 19, 2010, Time Inc. acquired StyleFeeder, a personal shopping engine. In August 2010, Time Inc. announced that Ann S. Moore , its chairman and chief executive, would step down as CEO and be replaced by Jack Griffin , an executive with Meredith Corporation ,
2840-480: The magazine's print publication as of July 2019, but would invest in the brand's digital component Money.com. In May 2019, Meredith announced the sale of Sports Illustrated to Authentic Brands Group , for $ 110 million. Time Inc. Productions was renamed Four M Studios in May 2018. The studio is under Bruce Gersh, Meredith's president of People , Entertainment Weekly , and People en Español and head of Four M Studios. In October 2019, Meredith Corporation sold
2911-521: The magazines division, to existing shareholders, to be immediately followed by the old Meredith (by then consisting solely of its TV stations group) being acquired by Gray for $ 2.7 billion in cash. Later that year, on October 6, Meredith announced an agreement whereby the company's remaining magazine and other non-broadcast assets would be acquired by IAC 's Dotdash for $ 2.7 billion, forming a new entity called Dotdash Meredith . On November 15, Meredith announced it has received regulatory approvals for both
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2982-589: The media conglomerate Time Warner (now Warner Bros. Discovery ). In 2018, media company Meredith Corporation acquired Time Inc. for $ 2.8 billion. Meredith was then acquired by IAC and merged with Dotdash to form Dotdash Meredith three years later, thus resulting in IAC gaining most of the former Time Inc. assets. Nightly discussions of the concept of a news magazine led its founders Henry Luce and Briton Hadden , both age 23, to quit their jobs in 1922. Later that same year, they formed Time Inc. Having raised $ 86,000 of
3053-421: The merging of entertainment and news ( sensationalism ) at the expense of the coverage of serious issues. They are also accused of being a leading force behind the standardization of culture (see globalization , Americanization ) and are frequently criticized by groups that perceive news organizations as being biased toward special interests of the owners. Because there are fewer independent media, there
3124-451: The name of fighting communism. An instrumental figure behind the so-called " China Lobby ", he played a large role in steering American foreign policy and popular sentiment in favor of Nationalist leader Chiang Kai-shek and his wife Soong Mei-ling in their war against the Japanese. (The Chiangs appeared in the cover of Time eleven times between 1927 and 1955. In 1961, Time Inc. entered
3195-492: The nation began to speculate how it might negatively impact society at large. In the case of Minot, North Dakota , the concerns regarding media consolidation is realized. On 18 January 2002, a train containing hazardous chemicals derailed in the middle of the night, exposing countless Minot residents to toxic waste. Upon trying to get out an emergency broadcast, the Minot police were unable to reach anyone. They were instead forwarded to
3266-467: The nation's second-largest publisher of consumer magazines. In September 2010, Time Inc. entered into a licensing agreement with Kolkata -based ABP Group , one of India's largest media conglomerates, to publish Fortune India magazine and the yearly Fortune India 500 list. Griffin was ousted after a brief tenure, eventually being replaced by Laura Lang, who served about a year. On March 6, 2013, Time Warner announced plans to spin off Time Inc. into
3337-490: The parent-focused magazine Parenting (Time Inc. later purchased the remaining stake in the magazine held by Wolaner on January 5, 1990, several days before the completion of merger with Warner Communications) In 1987, Time Inc. lost its ownership stake in the USA Network , which it held since 1981, after attempting to acquire CNN . The merger of Time Inc. and Warner Communications was announced on March 4, 1989. During
3408-476: The pictorial Life magazine in 1936, and launched House & Home in 1952 and Sports Illustrated in 1954. He also produced The March of Time radio and newsreel series. By the mid-1960s, Time Inc. was the largest and most prestigious magazine publisher in the world. ( Dwight Macdonald , a Fortune staffer during the 1930s, referred to him as "Il Luce", a play on the Italian dictator Benito Mussolini , who
3479-414: The positions of president and secretary-treasurer. On Hadden's sudden death in 1929 Luce took his position and business management was entrusted to Roy E. Larsen , who had been one of their first hires. Luce cultivated a philosophy of "church and state", where the editorial and business management were separate up to the board of directors level. (This was functionally ended with the departure of McManus from
3550-564: The rights to Martha Stewart Living and Martha Stewart Weddings magazines and to the marthastewart.com website. In November 2014, Meredith acquired mywedding.com. In January 2015, the company acquired Selectable Media. Also in January 2015, Meredith acquired Shape , Natural Health, and Fit Pregnancy magazines from American Media Inc. Meredith's Fitness magazine was folded into Shape , while both magazines' websites continued to operate separately. On September 8, 2015, Media General announced its intent to acquire Meredith in
3621-515: The same automated message, as all the broadcast stations in Minot were single-handedly owned by IHeartMedia . As the FCC reviews media ownership rules, broadcasters continued to petition it for the elimination of all rules, while those who are against this easing would often cite the incident in Minot as how consolidation could be harmful. Canada, Australia, the Philippines, and New Zealand also experience
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#17328511400783692-544: The summer of that same year, Paramount Communications (formerly Gulf and Western Industries ) launched a $ 12.2 billion hostile bid to acquire Time Inc. in an attempt to end a stock swap merger deal between Time and Warner Communications. This caused Time to raise its bid for Warner to $ 14.9 billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time/Warner merger. The court ruled twice in favor of Time, forcing Paramount to drop both
3763-704: The term media group may also be applied, however, it has not yet replaced the more traditional term. Critics have accused the large media conglomerates of dominating the media and using unfair practices. During a protest in November 2007, critics such as Jesse Jackson spoke out against consolidation of the media. This can be seen in the news industry, where corporations refuse to publicize information that would be harmful to their interests. Because some corporations do not publish any material that criticizes them or their interests, media conglomerates have been criticized for limiting free speech or not protecting free speech. These practices are also suspected of contributing to
3834-1010: The world include: Japan, Germany, the United Kingdom, Italy, France, China, Mexico and Brazil. Media conglomerates outside of the United States include Fujisankei Communications Group ( Fuji Television ), Yomiuri Shimbun Holdings , Hubert Burda Media , ITV , ProSiebenSat.1 , Mediaset , Axel Springer , JCDecaux , China Central Television , Alibaba Group , ABS-CBN Corporation , GMA Network , MediaQuest Holdings , Radio Philippines Network , Aliw Broadcasting Corporation , Advanced Media Broadcasting System , People's Television Network , Intercontinental Broadcasting Corporation , Presidential Broadcast Service , Viva Communications , Prasar Bharati , The Asahi Shimbun , Grupo Televisa , TV Azteca , Grupo Imagen , Grupo Globo , Baidu , GMM Grammy and Bertelsmann . Time Inc. Time, Inc. (also referred to as Time & Life, Inc. later on, after their two onetime flagship magazine publications)
3905-505: Was Luce, who had long opposed FDR. Historian Alan Brinkley argues the move was "badly mistaken", for had Luce been allowed to travel, he would have been an enthusiastic cheerleader for American forces around the globe. But stranded in New York City, Luce's frustration and anger expressed itself in hard-edged partisanship. Luce, supported by Editor T. S. Matthews , appointed Whittaker Chambers as acting Foreign News editor in 1944, despite
3976-534: Was acquired by IAC's Dotdash and became Dotdash Meredith ; Barry Diller , the head of IAC, had previous relations with Time Inc. in the early 1980s when he was head of Paramount and helped make Time Inc. at one point a co-owner of the USA Network . Time' s offices were originally in the Chrysler Building . In 1938, they moved to the seven upper floors of the newly built 1 Rockefeller Plaza in Rockefeller Center . In 1960, they moved to fifteen floors of
4047-549: Was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City . It owned and published over 100 magazine brands, including its namesake Time , Sports Illustrated , Travel + Leisure , Food & Wine , Fortune , People , InStyle , Life , Golf Magazine , Southern Living , Essence , Real Simple , and Entertainment Weekly . It also had subsidiaries which it co-operated with
4118-522: Was announced that Meredith Corporation would acquire Time Inc. in a $ 2.8 billion deal. $ 640 million in backing will be provided by Koch Equity Development , but the Koch family will not have a board seat or otherwise influence the company's operations. Prior to the sale closing in January 2018, Time Inc. sold Essence Communications to Richelieu Dennis, the founder of hair- and skin-care products maker Sundial Brands. In January 2018, Meredith removed signage and references to Time, Inc., and Time, Inc. website
4189-434: Was baptized "Time & Life Building" when it was built in 1951-53 as the then-European headquarters of "Time & Life International, Ltd.", but contrary to its New York City counterparts, it kept the name after the company had vacated the premises in late-August 2009. In the early years, when the company was just Time magazine, Luce served as business manager while Hadden was editor-in-chief, and they annually alternated
4260-609: Was called " Il Duce ".) Once ambitious to become Secretary of State in a Republican administration, Luce wrote a famous article in Life magazine in 1941, called " The American Century ", which defined the role of American foreign policy for the remainder of the 20th century, and perhaps beyond. President Franklin D. Roosevelt , aware that most publishers were opposed to him, issued a decree in 1943 that blocked all publishers and media executives from visits to combat areas; he put General George Marshall in charge of enforcement. The main target
4331-415: Was considered by the FCC to be the "first major overhaul of telecommunications law in almost 62 years". In the radio industry, the 40-station ownership cap was lifted, leading to an unprecedented amount of consolidation. Since this period, IHeartMedia grew from 40 stations to 1200 stations, in all 50 states, while Viacom grew to owning 180 stations across 41 markets. As media consolidation grew, some in
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#17328511400784402-457: Was launched in 1994, with content from the Time, People and Fortune magazines. It was shut down in 1999. On October 20, 2000, Time Inc. announced that it would acquire the magazine division of Times Mirror Company that includes Field & Stream , Golf Magazine , Outdoor Life , Popular Science , Skiing and Yachting from the Tribune Company for $ 475 million, the merger
4473-549: Was let go May 19, 2016 On February 5, 2014, Time Inc. announced that it was cutting 500 jobs with most of the layoffs at American Express Publishing. From April 2014 to mid-2017, the Chairman of Time Inc. was Joseph A. Ripp, who had been Chief Executive since September 2013 and continued as Executive Chairman when replaced as CEO by Battista. Though Ripp had intended to remain Executive Chairman until 2018, he wound up leaving
4544-503: Was promoted to president and CEO, replacing Joseph A. Ripp. Time Inc. purchased American Express Publishing Corporation 's suite of titles, including Travel + Leisure , Food & Wine , Departures , Black Ink and Executive Travel on October 1, 2013. On January 14, 2014, Time Inc. announced that Colin Bodell was joining the company in the newly created position of executive vice president and chief technology officer. However, he
4615-516: Was redirected to the Meredith's website. In March 2018, only six weeks after the closure of the deal, Meredith announced that it would lay off 1,200 employees, and explore the sale of Time , Fortune , Money , and Sports Illustrated . The company felt that these brands did not align with its core, lifestyle-oriented properties. Howard Milstein had announced on February 7, 2018, that he would acquire Golf Magazine from Meredith, and Time Inc. UK
4686-495: Was sold to Gray Television on December 1, 2021. Four M Studios ( Four M ), formerly Time Inc. Productions , is Meredith's in-house production company and is under the oversight of Bruce Gersh, Meredith's president of People, Entertainment Weekly and People en Español. After attempting a few TV shows in 2014 and 2015, the company formed Time Inc. Productions in 2016 as its in-house production company. It launched its free, ad-supported online video service PeopleTV in 2016, which got
4757-588: Was sold to the British private equity group Epiris (later rebranded to TI Media ) in late February. In September 2018, Meredith announced that it would re-sell Time to Marc Benioff and his wife Lynne for $ 190 million. Although Benioff is the chairman and co-CEO of Salesforce.com , Time will remain separate from the company, and Benioff will not be involved in its daily operations. In November 2018, Meredith announced to sell Fortune to Thai businessman Chatchaval Jiaravanon for $ 150 million. In December 2021, Meredith
4828-517: Was sold to the British private equity group Epiris (later rebranded to TI Media ) in late February. In September 2018, Meredith announced the sale of Time to Marc Benioff and his wife Lynne for $ 190 million. In November 2018, Meredith announced the sale of Fortune to Thai businessman Chatchaval Jiaravanon, whose family owns Charoen Pokphand , for $ 150 million. After failing to find a buyer for Money , Meredith in April 2019 announced that it would cease
4899-625: Was subsequently completed in November of that year, forming Time4Media (the magazines in the division, with the exception of Golf Magazine and the Parenting Group were sold to Bonnier Group in 2007) In January 2005, Time Inc. announced that it would purchase a remaining stake in New York City-based Essence Communications, publishers of the Essence magazine that it not already own. (Time already purchased 49% stake in
4970-448: Was succeeded by Richard Parsons who had never been connected to legacy Time Inc. (his successor Jeff Bewkes , leader of the parent when Time Inc. was spun off, had like Levin come from the non-publishing operations). The Time, Inc. (the comma remained part of the formal title until the Warner merger but the company ceased to use it in 1933) corporate entity diversified out of publishing in
5041-577: Was succeeded by Shepley, who retained that position for a time after he, in turn, stepped down as president. Davidson also served as chairman of the executive committee after stepping down as chairman of the board. Munro was chairman of the executive committee of Time Warner from 1990 to 1996. On the merger with Warner Communications Munro and then Nicholas were co-CEOs of Time Warner with Steve Ross until 1992 when Ross squeezed Nicholas out. Gerald M. Levin , who had come up through Time's non-publishing operations, succeeded Ross later that year and in 2002
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