In the wake of its June 6 separation from Time Warner, Time Inc. released its report for the second quarter – its first quarter as a standalone company since 1990 – showing a net loss of $32 million. These earnings are down by half from last year’s net income of $75 million.
With losses to be expected in its first independent quarter, the report might actually be good news, according to Bloomberg, in that the magazine giant outperformed the estimates compiled by analysts.
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