May 2, 2017

Last Friday Time Inc. (NYSE: TIME), publisher of Life, Cooking Light, Money and Sports Illustrated, released a statement saying that, despite media speculation, the company was not for sale and would pursue its own strategic plan to affect a transformation. Time did, however, evaluate “a number of expressions of interest” with the help of external advisors as it considered its options. It did not name specific bidders.”Time Inc. is a reinvigorated company uniquely positioned to succeed in the multi-platform media marketplace with an exceptional set of brands and assets, tremendous scale and significant untapped potential…”