Time Inc.

Time Inc. (also referred to as Time & Life, Inc. after its two former flagship magazines) was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden. Based in New York City, the company owned and published over 100 magazine brands, including its namesake Time, Sports Illustrated, Travel + Leisure, Food & Wine, Fortune, People, InStyle, Life, Golf Magazine, Southern Living, Essence, Real Simple, and Entertainment Weekly. It also operated subsidiaries alongside Time Inc. UK (later sold and rebranded as TI Media), whose major titles included What's on TV, NME, Country Life, and Wallpaper. Additionally, Time Inc. managed over 60 websites and digital-only titles, such as MyRecipes, Extra Crispy, TheSnug, HelloGiggles, and MIMI. In 1990, Time Inc. merged with Warner Communications to form the media conglomerate Time Warner (now Warner Bros. Discovery), with Time Inc. continuing as a subsidiary. In 2014, to focus on its three entertainment divisions, Warner Bros., Turner, and HBO, Time Warner spun off Time Inc. as a public company trading on the New York Stock Exchange. In 2018, the Meredith Corporation acquired Time Inc. for $2.8 billion. Three years later, Meredith was acquired by IAC and merged with Dotdash to form Dotdash Meredith (now People Inc.), resulting in IAC gaining most of the former Time Inc. assets, notably excluding Time magazine, which Meredith sold to Marc Benioff and his wife Lynne in 2018.