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Time Inc revenue slips 9.5 pct in 3rd quarter
2017年11月9日 / 上午11点12分 / 9 天前

Time Inc revenue slips 9.5 pct in 3rd quarter

Nov 9 (Reuters) - Magazine publisher Time Inc’s revenue fell 9.5 percent in the third quarter, as an uptick in online advertising failed to offset a decline in print ads.

The publisher of Time, Sports Illustrated and People magazines said on Thursday its revenue slipped to $679 million in the quarter ended Sept. 30, from $750 million, a year earlier.

Net income attributable to Time Inc was $13 million or 14 cents per share, compared to a net loss of $112 million or $1.13 per share a year ago. (Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar)

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