According to Time CEO Rich Battista, it was all that coverage of a Time sale that would not be that accounted for the company’s poor Q1 showing. “The noise and relentless media speculation over the last six months around the potential change of ownership clearly was a major distraction to our employees and advertisers and other partners, and had an impact on Q1 results,” he said in an earnings call.
He went on to say that its April 28 announced decision not to sell “has gone a long way to settle things down and enable staff to refocus fully on the business.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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