Time Inc. Experiences a Rough First Quarter
The magazine business is not for the faint of heart. Even Time Inc., the publishing powerhouse, has been feeling the print blues. According to All Things D, Time Inc. went through a rough first quarter, seeing operating income drop 38 percent and revenues decline three percent.
Apparently the doldrums can be blamed on slowing ad sales (down five percent) and slumping newsstand sales (down two percent).
The bad news for print only puts more pressure on Next Issue, the so-called “Netflix for magazines.”
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