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.
at 7:17 PM
Labels: , , ,
Related Posts Plugin for WordPress, Blogger...

The Most Popular Posts

  • The history of chickenpox disease
    Chickenpox, also known as varicella, is a very contagious disease caused by the varicella-zoster virus. Chicken pox is an illness with skin...
  • Discovery of Paracetamol
    The development of paracetamol began with the discovery of the fever lowering effect of acetanilide, a founding that resulted in the develop...
  • Discovery of Ions
    The person who gives a theory of ions is Michael Faraday. It’s around 1830. He describes the portions of molecules that move from anode to c...
  • History of Sprite Coke
    Sprite was introduced by Coca Cola in 1961. Before that Houston Coca-Cola Bottling Company sold fruit flavored drinks under the name ‘Sprite...
  • The history of painting: Juliet and her nurse
    The painting is one of the most elaborately organized in terms of architectural structure and –perspective. With its birds’ eye view and p...
  • Discovery of Protons
    Protons are subatomic particles that, with neutrons and electrons, are the principal constituents of atoms. Protons are positively charged...
  • History of Barq’s root beer
    In 1898 Edward Charles Edmond Barq opened Biloxi Artesian Bottling Works and next two years he produced the product later known as Barq’s ...
  • The Code of Hammurabi
    The Code of Hammurabi was created in 1760 BC and is one of the earliest extent sets of laws, and one of the best preserved examples of this ...