7th July 2016

Time Inc announces digital plans

New York-based Time Inc reveals non-print revenue plans.

Time Inc has revealed that it will undergo a restructure in order to generate more revenue from non-print sources.

Potential digital revenue sources include live events, digital advertising, social media content distribution, and videos.

Although no set date for the restructure has been announced, the Wall Street Journal has reported that it will begin "shortly".

HelloGiggles.com was recently acquired by Time Inc, in what appears to be an early move into digital and non-print sectors.

Time Inc is also set to begin a People / Entertainment Weekly streaming network in Autumn 2016.

A net loss of $10M on revenue was $690M was recorded by Time Inc in the quarter ending March 2016.

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