Time Inc.'s magazines fall 11% at newsstand as Big Titles Drop
Time Inc., the largest magazine company, lost 11 percent of its newsstand sales in the second half of last year as readers lost interest in two of its biggest publications.
People and Time were among the Time Warner Inc. unit's titles with the biggest drops, based on data released by the Alliance for Audited Media. Subscription sales rose 3 percent, helping boost total circulation 1 percent to 32.9 million. Single-copy newsstand sales are an important measure of a magazine's health. Time Inc., which recently eliminated 6 percent of its workforce, has suffered ad and circulation declines affecting most titles.
CEO Laura Lang has been working to merge print and Web advertising operations, aiming to reinvigorate what has become Time Warner's worst-performing division.
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments â either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.