Time (TIME) Declares $0.04 Quarterly Dividend; 1.2% Yield
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/11/2026
Go back to Time (TIME) Declares $0.04 Quarterly Dividend; 1.2% Yield
August 8, 2017 6:19 AM EDT
By Laharee Chatterjee
(Reuters) - Magazine publisher Time Inc (NYSE: TIME) reported a lower-than-expected quarterly revenue on Tuesday and announced a fresh cost-cutting program.
Shares of the company, down about 23 percent this year, fell another 6 percent in morning trading.
The New York-based publisher of Sports Illustrated, People and namesake Time said it was targeting $400 million in spending cuts.
The effort follows other recent measures by Time to slash spending including its move to eliminate 4 percent of its workforce and to cut its dividend payout.
Time has... More
August 8, 2017 6:05 AM EDT
Time (NYSE: TIME) reported Q2 EPS of $0.13, $0.02 better than the analyst estimate of $0.11. Revenue for the quarter came in at $694 million versus the consensus estimate of $703.49 million.
Strategic Transformation Program Has Already Targeted More than $400 Million of Run-Rate Cost SavingsManagement...
More
August 7, 2017 11:44 AM EDT
Time Inc. (NYSE: TIME) announced today the appointment of Katie J. Stanton, Chief Marketing Officer of Color, a health technology service that offers physician-ordered genetic testing for hereditary cancer risk, and former Vice President, Global Media at Twitter, to its Board of Directors. Stanton will serve on the Compensation Committee of the board.
"Katie is a highly regarded executive with deep and versatile experience in digital media, including sales, content and... More
