TIME INC. (NYSE:TIME) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On August8, 2017, Time Inc. (the “Company”) issued a press release relating to, among other things, its financial results for the quarter ended June30, 2017. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On August8, 2017, the Company also made available on its website at www.timeinc.com presentation materials that it intends to use in connection with its conference call that is scheduled to begin at 8:30 a.m. E.D.T., Tuesday, August8, 2017 regarding its quarter ended June30, 2017 financial results (the "Presentation Deck"). A copy of the Presentation Deck is furnished as Exhibit 99.2 to this Current Report on Form 8-K.
The information contained in this Item 2.02 as well as in Item 7.01 and Exhibit 99.1 and Exhibit 99.2 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.
Item 7.01. Regulation FD Disclosure.
See Item 2.02 above regarding the Presentation Deck.
Item 9.01. Financial Statements and Exhibits.
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Exhibit |
Description |
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99.1 |
Press Release issued by Time Inc. on August8, 2017 |
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99.2 |
Presentation Deck issued by Time Inc. on August8, 2017 |
Time Inc. ExhibitEX-99.1 2 exhibit9912q2017er.htm EXHIBIT 99.1 Exhibit Exhibit 99.1TIME INC. ANNOUNCES STRATEGIC TRANSFORMATION PROGRAM AND REPORTS SECOND QUARTER 2017 RESULTSStrategic Transformation Program Has Already Targeted More than $400 Million of Run-Rate Cost SavingsManagement Projects a Minimum Range of $500 Million to $600 Million of Adjusted OIBDA within 3 to 4 Years*Transformation Program Includes Reinvestment in Core Growth Areas Including Native and Branded Content,…To view the full exhibit click here
About TIME INC. (NYSE:TIME)
Time Inc. is a media company. The Company’s brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as over 50 diverse titles in the United Kingdom, such as Decanter, Horse & Hound, and Wallpaper*. The Company’s franchises and events include the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsperson of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. The Company provides content marketing, targeted local print and digital advertising programs, branded book publishing, and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services, and customer service and fulfillment services, for the Company and third-party clients, including other magazine publishers.