Time Inc. Board of Directors Recommits to Its Own 'Strategic Plan'

Ahead of next month’s scheduled announcement of first-quarter results, Time Inc. today released a statement confirming that while it has recently evaluated a number of expressions of interest in the company, it has decided with the help of outside advisors to stay the non-acquisition course:

“Advertisers are looking for fewer, bigger partners,” said Time Inc. CEO and president Rich Battista. “Our unique combination of iconic brands and premium, safe content environments, large audiences across platforms and data and people-based targeting capabilities enables us to offer them differentiated solutions at scale.”