Monday, March 20, 2017

Time Inc.

Time Inc. was founded in 1922 with a small share subscription of USD$85,675 organized by wealthy associates of Yale University graduates Henry Robinson Luce and Briton Hadden in order to publish a newly created magazine called Time. Time Inc. was incorporated on November 28, 1922.

Time was the first weekly news magazine of its kind. It was launched in 1923, proved enormously successful because it was the first publication to give comprehensive, of superficial, commentary on national and international news every week.
Time Inc. enjoyed continuing financial success during the 1930s, despite launching Fortune magazine four months after the stock market crash. The company added Life to its Fortune and Time magazine roster in 1936.

In March 1989, Warner Communications Inc and Time Inc announced plans for a merger, which would create the world’s largest communications organization. On January 10, 1990, the $14.9 billion merger of the two companies became official. The new identity was called Time Warner and lasted until the company was spun off on June 9, 2014.
Time Inc.
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