CEO Rich Battista says the company is "reinvigorated" and "uniquely positioned to succeed in the multi-platform media marketplace." - From The Hollywood Reporter
5:21 AM PDT 4/28/2017 by Georg Szalai "Over the past several months, there has been considerable speculation and news coverage regarding interest by various parties in acquiring Time Inc.," the company acknowledged on Friday.
had not initiated a process, the board of directors, consistent with its duties, evaluated a number of expressions of interest with the assistance of external advisors." But it said the board has determined that the company should continue to pursue its own strategic plan.
"The company is better positioned to capitalize on this potential with its recent shift from a siloed, legacy publishing structure, to an integrated, enterprise platform structure." He added: "We are excited to execute on our plan as we have become a leader in digital and remain number 1 in print ad revenue share.
is one of the world's leading multi-platform media companies, engaging over 170 million U.S.