Time Inc. Posts Ad Revenue Increase, But Big Net Loss
In Time Inc.’s first quarterly report since becoming an independent company, the publisher posted a three percent gain in ad revenue. That jump was mostly due to a 12 percent increase in digital ad revenue. The company was also helped by — believe it or not — print. Time Inc.’s acquisition of American Express Publishing, which included Food & Wine, Travel & Leisure and Departures, led to a year-over-year bump in ad dollars.
Despite this good news, the company posted a net loss of $32 million, compared to a $75 million profit last year.
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