Time Inc.’s third quarter report reveals that revenue increased despite some problems that impact the entire industry: Declining print and circulation sales.
Revenue for the third quarter increased to $821 million, up from $818 million during the same period last year. That was good enough to beat Wall Street’s expectations, which predicted the company would post revenues of $817 million.
Time Inc., like most publishing companies, still had to contend with plummeting numbers related to print.
Print revenue was only down one percent, but would have declined by nine percent if not for “corporate transactions,” like Time Inc.’s acquisition of American Express Publishing. Likewise, circulation revenue — which includes subscriptions and newsstand sales — declined two percent; but excluding the transactions, would’ve declined by five percent.