For a newly independent Time Inc., the 91-year-old publisher of Time, Sports Illustrated, People, and dozens of other titles, including Fortune, the general opinion was downbeat: Unlike Time Warner, which grew operating earnings in its nonpublishing businesses by 4.7% last year, the magazine business needs radical change. Put simply, revenues and profits for Time Inc. and the magazine industry as a whole are shrinking.
|Could Pivotal be EMC's next big hit?|
|Venezuela's economic nightmare grows worse|
|Chinese hacker cracks Safari, wins $40K, praises Apple's security|
|5 alternatives to Amazon Prime|
|HBO Go's failure proves it: Internet TV is growing|