Time Inc. and Union Reach Agreement

After two years, a new contract.

Time Inc. staffers have a new contract for the first time since 2014. The company’s NewsGuild-repped employees have voted to accept Time Inc.’s offer and enter into a collective bargaining agreement.

NewsGuild reps roughly 200 staffers at Time, Fortune, Money, Sports Illustrated and People.

“We are very pleased that the Guild members have ratified this contract, which we believe to be in the best interest of all Time Inc. stakeholders,” said Time Inc. exec vp and chief HR officer Greg Giangrande, in a statement. “The contract provides Time Inc. with the operational flexibility necessary to succeed in today’s transformative media environment.”