Time Inc. reported its fourth quarter and full year earnings today. The publisher endured a rough fourth quarter, with revenue dropping eight percent to $895 million. Digital ad dollars were up slightly — from $85 million to $87 million — but that wasn’t enough to offset losses in print, which declined by 10 percent.
The publisher was particularly hurt by plummeting circulation. Circulation revenues — which includes subscription, newsstand and other circulation revenues — declined eight percent in the fourth quarter and three percent year over year.
While
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