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54-445: The books themselves were published by Time Inc. and followed a specific format across their widely varying subject matter. The editions were trade paperbacks , with covers constructed of very stiff plastic-coated paper , for durability. The books were eight inches tall, just less than an inch taller than a standard mass-market or "rack" paperback. Each book had a wraparound cover with a continuous piece of artwork across both covers and

108-770: A coronary occlusion on February 28, 1967 in Phoenix, Arizona . He was 68. At his death, he was said to be worth $ 100 million in Time Inc. stock. Most of his fortune went to the Henry Luce Foundation. He was honored by the United States Postal Service with a 32¢ Great Americans series (1980–2000) postage stamp. Luce was inducted into the Junior Achievement U.S. Business Hall of Fame. The Henry Luce Foundation , Inc.

162-409: A "magazine group" in 1985 (under Kelso F. Sutton to 1986,and then Reginald K. Brack Jr.) and then became president and CEO of a newly incorporated subsidiary,"The Time Inc. Magazine Company" in 1988 (initially with John A. Meyers as chairman). In 1992, Time Warner reorganized so that the non-magazine parts of Time Inc. came directly under the parent and the Time Inc. name was downgraded to only include

216-571: A $ 100,000 goal, the first issue of Time was published on March 3, 1923, as the first weekly news magazine in the United States. Luce served as business manager while Hadden was editor-in-chief. Luce and Hadden annually alternated year-to-year the titles of president and secretary-treasurer. Upon Hadden's sudden death in 1929, Luce assumed Hadden's position. Luce launched the business magazine Fortune in February 1930 and created/founded

270-531: A few TV shows in 2014 and 2015, the company formed Time Inc. Productions in 2016 as its in-house production company. On February 11, 2016, Time Inc. announced that it has acquired Viant, a leading people based marketing platform and owner of MySpace . With the purchase of Time Warner by AT&T, it was agreed that Time Warner television assets such as HBO also came under the AT&;T umbrella; after WarnerMedia spun off from AT&T in 2021, these assets came under

324-754: A new building, also in Rockefeller Center , 1271 Avenue of the Americas . Time rented additional offices in the adjacent 135 West 50th Street building. In 2014, Time moved to Brookfield Place in lower Manhattan . When they were being built, both the Rockefeller Plaza and Avenue of the Americas buildings were given the name "Time & Life Building" at the time after their main soon-to-be tenant, but also lost it when that tenant moved elsewhere. This incidentally, did not apply to their 153 New Bond Street, London W1Y0AA UK premises; it too

378-470: A news magazine led Luce and Hadden, both age 23, to quit their jobs in 1922. Later that same year, they partnered with Robert Livingston Johnson and another Yale classmate to form Time Inc. Luce, supported by editor-in-chief T. S. Matthews , appointed Whittaker Chambers as acting Foreign News editor in 1944, despite the feuds that Chambers had with reporters in the field. Luce, who remained editor-in-chief of all his publications until 1964, maintained

432-629: A position as an influential member of the Republican Party . An instrumental figure behind the so-called " China Lobby ", he played a large role in steering American foreign policy and popular sentiment in favor of Kuomintang leader Chiang Kai-shek and his wife, Soong Mei-ling , in their war against the Japanese. (The Chiangs appeared in the cover of Time eleven times between 1927 and 1955.) Luce authored an editorial for Life in 1941, titled " The American Century ", in which he defined

486-475: A publicly traded company. Time Warner 's chairman/CEO Jeff Bewkes said that the split would allow Time Warner to focus entirely on its television and film businesses, and Time Inc. to focus on its core print media businesses. It was announced in May 2014 that Time Inc. would become a publicly traded company on June 6 of that year. The spin-off was completed on June 9, 2014. As of September 13, 2016, Rich Battista

540-598: A staff role on the Yale Daily News . Only four freshmen were chosen by the News ; they included Luce and Hadden. When the U.S. entered World War I in 1917, a third of the students joined the army; the rest, including Luce, joined the Reserve Officers' Training Corps (ROTC) and attended class in uniform. Luce also joined Alpha Delta, a minor fraternity. His grades remained top-level, and every spare hour

594-796: The Hachette Book Group since its 2006 acquisition by Hachette Livre ) for $ 17 million in January 1968. Time Inc. also owned pioneering cable network Home Box Office (HBO). In 1974, Time Inc. launched the celebrity-focused magazine People . In February 1985, Time Inc. announced that it would acquire the Birmingham, Alabama -based Southern Progress Corporation, publishers of the Southern Living magazine for $ 480 million. In 1987, Time Inc. and Robin Wolaner launched

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648-422: The 1970s and 1980s, purchasing what was later spun off as Temple-Inland paper company and various broadcasting and cable television operations such as HBO and what became Time Warner Cable . As the distinction between the overall corporation and the magazine operation grew, the position that had been "Group Vice President, Magazines" or "Executive Vice President, Magazines" became president and chief executive of

702-462: The TRP edition. In a few cases, the texts had also been revised by the authors to create a definitive edition, and did not constitute abridgement. Subscribers to the TRP typically received four books a month, though some books arrived as multi-volume sets. Included with shipments was a small newsletter describing the books and why they were chosen. Time revived the program in the early 1980s, with many of

756-461: The Time Warner board, and formally by Ripp in 2013). McManus left the board of what had become Time Warner shortly before retiring, and his replacement Norman Pearlstine and successors John Huey (2006–2012) and Martha Nelson (2013) were never directors of the parent. The title was then abolished. Linen became chairman of the executive committee for a time after serving as president, then

810-629: The Time acquisition and the lawsuit, and allowing the formation of the two companies' merger which was completed on January 10, 1990. Effectively, Time took over Warner, resulting in a new corporate structure and the new combined company being called "Time Warner". In November 1990, Time Inc. announced that it would acquire the remaining stake in Hippocrates Partners (Time earlier purchased its 50% stake in July 1988). The Pathfinder website

864-452: The UK magazine house Time Inc. UK (which was later sold and since has been rebranded to TI Media ), whose major titles include What's on TV , NME , Country Life , and Wallpaper . Time Inc. also co-operated over 60 websites and digital-only titles including MyRecipes , Extra Crispy , TheSnug , HelloGiggles , and MIMI . In 1990, Time Inc. merged with Warner Communications to form

918-524: The US at the age of 15 and later attended Yale University . He launched and closely supervised a stable of magazines that transformed journalism and the reading habits of millions of Americans. Time summarized and interpreted the week's news; Life was a picture magazine of politics, culture, and society that dominated American visual perceptions in the era before television; Fortune reported on national and international business; and Sports Illustrated explored

972-621: The board in 2017 and John Fahey served as non-executive chairman for the months prior to the company's sale to Meredith. On May 28, 2015, Time Inc. announced the purchase of entertainment and sports news site FanSided . In July 2015, Time Inc. acquired League Athletics in Tucson , SportsSignup in Saratoga Springs , and iScore in Los Alamitos . The three companies will be a part of Sports Illustrated Play. After attempting

1026-422: The book publishing business that combined the resources of their magazines with the formation of Time Life (it later became the holding company for television and radio stations and had a film production division, Time Life Films and a record label). Time Inc. later acquired Boston -based Little, Brown and Company (later integrated into Time Warner Book Group following its merger with Warner Books, now known as

1080-601: The cities were properly zoned,' he recalls. 'I went to the Post Office Department and showed them how we were making the zone system work. ' " In 1963, the United States Post Office introduced ZIP codes . Luce, who remained editor-in-chief of all his publications until 1964, maintained a position as an influential member of the Republican Party . Holding anti-communist sentiments, he used Time to support right-wing dictatorships in

1134-522: The company in 2005. Leaders after Moore are noted above. Henry Luce Henry Robinson Luce (April 3, 1898 – February 28, 1967) was an American magazine magnate who founded Time , Life , Fortune , and Sports Illustrated magazines. He has been called "the most influential private citizen in the America of his day". Born in Shandong , China, to Presbyterian parents, Luce moved to

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1188-431: The end pages, in the manner of sophisticated publishing houses like Alfred A. Knopf . The William Addison Dwiggins typeface Caledonia was typically used. The logo for the series was in format of a monogram , " R T P " , enclosed in a rounded slightly rectangular box. While not, strictly speaking, original publications, most of the TRP books had unique introductions written by various scholars specifically for

1242-462: The feuds Chambers had with reporters in the field. In the 1950s, the Time Inc. executive Brumbaugh made presentations to the Post Office Department to explain how Time Inc. was using a zoning system to speed the delivery of its magazines. Although the Post Office Department had instigated zones in 1943, they were inconsistently applied. As cited in FYI, Time Inc.'s internal newsletter " 'Fewer than 40% of

1296-404: The fold of Warner Bros. Discovery . In February 2017, it was reported that Meredith Corporation and a group of investors led by Edgar Bronfman Jr. were considering purchasing Time Inc. In 2016, Time Inc. acquired Bizrate Insights . On April 28, 2017, the company's board of directors dropped the plan of selling the company and instead focus on growth strategies. On November 26, 2017, it

1350-423: The magazine company, so the officers of the "Magazine Company" became the officers of what was now Time Inc. Later that year, CEO Brack shifted to chairman with Don Logan as president; he stepped down in favor of Logan as CEO in 1994 and chairman in 1997. Logan moved up to a group oversight position including additional Time Warner operations in 2002 ( Ann S. Moore succeeding him at the magazine operation) and left

1404-496: The magazine in 2000) In 2008, Time Inc. launched Maghound , an internet-based magazine membership service that featured approximately 300 magazine titles from both Time Inc. brands and external publishing companies. On January 19, 2010, Time Inc. acquired StyleFeeder, a personal shopping engine. In August 2010, Time Inc. announced that Ann S. Moore , its chairman and chief executive, would step down as CEO and be replaced by Jack Griffin , an executive with Meredith Corporation ,

1458-592: The media conglomerate Time Warner (now Warner Bros. Discovery ). In 2018, media company Meredith Corporation acquired Time Inc. for $ 2.8 billion. Meredith was then acquired by IAC and merged with Dotdash to form Dotdash Meredith three years later, thus resulting in IAC gaining most of the former Time Inc. assets. Nightly discussions of the concept of a news magazine led its founders Henry Luce and Briton Hadden , both age 23, to quit their jobs in 1922. Later that same year, they formed Time Inc. Having raised $ 86,000 of

1512-400: The name of fighting communism. An instrumental figure behind the so-called " China Lobby ", he played a large role in steering American foreign policy and popular sentiment in favor of Nationalist leader Chiang Kai-shek and his wife Soong Mei-ling in their war against the Japanese. (The Chiangs appeared in the cover of Time eleven times between 1927 and 1955. In 1961, Time Inc. entered

1566-467: The nation's second-largest publisher of consumer magazines. In September 2010, Time Inc. entered into a licensing agreement with Kolkata -based ABP Group , one of India's largest media conglomerates, to publish Fortune India magazine and the yearly Fortune India 500 list. Griffin was ousted after a brief tenure, eventually being replaced by Laura Lang, who served about a year. On March 6, 2013, Time Warner announced plans to spin off Time Inc. into

1620-496: The parent-focused magazine Parenting (Time Inc. later purchased the remaining stake in the magazine held by Wolaner on January 5, 1990, several days before the completion of merger with Warner Communications) In 1987, Time Inc. lost its ownership stake in the USA Network , which it held since 1981, after attempting to acquire CNN . The merger of Time Inc. and Warner Communications was announced on March 4, 1989. During

1674-481: The pictorial Life magazine in 1936, and launched House & Home in 1952 and Sports Illustrated in 1954. He also produced The March of Time radio and newsreel series. By the mid-1960s, Time Inc. was the largest and most prestigious magazine publisher in the world. ( Dwight Macdonald , a Fortune staffer during the 1930s, referred to him as "Il Luce", a play on the Italian dictator Benito Mussolini , who

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1728-414: The positions of president and secretary-treasurer. On Hadden's sudden death in 1929 Luce took his position and business management was entrusted to Roy E. Larsen , who had been one of their first hires. Luce cultivated a philosophy of "church and state", where the editorial and business management were separate up to the board of directors level. (This was functionally ended with the departure of McManus from

1782-518: The prestigious Skull and Bones secret society. Luce tried, but failed, to win a Rhodes Scholarship to the University of Oxford , but he was admitted to the university and paid his way. He spent the year travelling Europe, observing the post-World War I scene closely. He returned to the United States to take a newspaper job in Chicago as a junior reporter. Nightly discussions of the concept of

1836-471: The role of U.S. foreign policy for the remainder of the 20th century. Luce met his first wife, Lila Hotz, while he was studying at Yale University in 1919. They married in 1923 and had two children, Peter Paul and Henry Luce III, before divorcing in 1935. In 1935, he married his second wife, Clare Boothe Luce , who had an 11-year-old daughter, Ann Clare Brokaw , whom he raised as his own. Luce died of

1890-881: The same titles. (Books listed by year of reprint publication. Original publication date not given. Authors who provided their own introductions are indicated with an " ‡ ") Time Inc. Time, Inc. (also referred to as Time & Life, Inc. later on, after their two onetime flagship magazine publications) was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City . It 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 had subsidiaries which it co-operated with

1944-466: The spine, generally a painting by a contemporary artist, commissioned specifically for the TRP edition. The TRP covers attracted a measure of acclaim at the time. According to Time , 19 TRP covers were cited in 1964 for awards from The American Institute of Graphic Arts , Commercial Art Magazine and the Society of Illustrators guild. Typography and other printing credits were given in a colophon on

1998-550: The summer of that same year, Paramount Communications (formerly Gulf and Western Industries ) launched a $ 12.2 billion hostile bid to acquire Time Inc. in an attempt to end a stock swap merger deal between Time and Warner Communications. This caused Time to raise its bid for Warner to $ 14.9 billion in cash and stock. Paramount responded by filing a lawsuit in a Delaware court to block the Time/Warner merger. The court ruled twice in favor of Time, forcing Paramount to drop both

2052-459: The world of sports. Counting his radio projects and newsreels , Luce created the first multimedia corporation. He envisaged that the United States would achieve world hegemony, and in 1941 he declared the 20th century would be the " American Century ". Luce was born in Tengchow, Shandong , China , now Penglai , on April 3, 1898, the son of Elizabeth Root Luce and Henry Winters Luce , who

2106-512: Was Luce, who had long opposed FDR. Historian Alan Brinkley argues the move was "badly mistaken", for had Luce been allowed to travel, he would have been an enthusiastic cheerleader for American forces around the globe. But stranded in New York City, Luce's frustration and anger expressed itself in hard-edged partisanship. Luce, supported by Editor T. S. Matthews , appointed Whittaker Chambers as acting Foreign News editor in 1944, despite

2160-535: Was a Presbyterian missionary. At 15, he was sent to the U.S. to attend the Hotchkiss School in Connecticut, where he tried hard to overcome his stuttering. As a scholarship student he was isolated from the upper-class boys. He was subsidized by an elderly Chicago heiress, Nancy Fowler McCormick , who favored sons of missionaries. Applying himself to study, Luce quickly became the top student. He

2214-542: Was acquired by IAC's Dotdash and became Dotdash Meredith ; Barry Diller , the head of IAC, had previous relations with Time Inc. in the early 1980s when he was head of Paramount and helped make Time Inc. at one point a co-owner of the USA Network . Time' s offices were originally in the Chrysler Building . In 1938, they moved to the seven upper floors of the newly built 1 Rockefeller Plaza in Rockefeller Center . In 1960, they moved to fifteen floors of

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2268-573: Was announced that Meredith Corporation would acquire Time Inc. in a $ 2.8 billion deal. $ 640 million in backing will be provided by Koch Equity Development , but the Koch family will not have a board seat or otherwise influence the company's operations. Prior to the sale closing in January 2018, Time Inc. sold Essence Communications to Richelieu Dennis, the founder of hair- and skin-care products maker Sundial Brands. In January 2018, Meredith removed signage and references to Time, Inc., and Time, Inc. website

2322-434: Was baptized "Time & Life Building" when it was built in 1951-53 as the then-European headquarters of "Time & Life International, Ltd.", but contrary to its New York City counterparts, it kept the name after the company had vacated the premises in late-August 2009. In the early years, when the company was just Time magazine, Luce served as business manager while Hadden was editor-in-chief, and they annually alternated

2376-613: Was called " Il Duce ".) Once ambitious to become Secretary of State in a Republican administration, Luce wrote a famous article in Life magazine in 1941, called " The American Century ", which defined the role of American foreign policy for the remainder of the 20th century, and perhaps beyond. President Franklin D. Roosevelt , aware that most publishers were opposed to him, issued a decree in 1943 that blocked all publishers and media executives from visits to combat areas; he put General George Marshall in charge of enforcement. The main target

2430-575: Was devoted to newspaper work. Luce and Hadden were the two outstanding journalists; when the vote came in January 1918 for chairmanship of the News, Hadden beat Luce by one vote. Luce instead became managing editor and the two worked closely together and started planning their future. Meanwhile, the Army assigned them as ROTC leaders to train new recruits. The war ended before either was commissioned. In January 1919, Luce and Hadden returned to Yale University as juniors. In May 1919, they were both tapped into

2484-535: Was especially strong in languages, studying Greek, Latin, French, and German, and already knowing Chinese. He edited the Hotchkiss Literary Monthly . There, he first met Briton Hadden ; they became best friends. Hotchkiss was a feeder prep school for Yale University . After a summer spent working on a Springfield newspaper, Luce matriculated in the fall of 1916. He was the top freshman academically, but grades did not confer as much prestige as

2538-464: Was launched in 1994, with content from the Time, People and Fortune magazines. It was shut down in 1999. On October 20, 2000, Time Inc. announced that it would acquire the magazine division of Times Mirror Company that includes Field & Stream , Golf Magazine , Outdoor Life , Popular Science , Skiing and Yachting from the Tribune Company for $ 475 million, the merger

2592-562: Was let go May 19, 2016 On February 5, 2014, Time Inc. announced that it was cutting 500 jobs with most of the layoffs at American Express Publishing. From April 2014 to mid-2017, the Chairman of Time Inc. was Joseph A. Ripp, who had been Chief Executive since September 2013 and continued as Executive Chairman when replaced as CEO by Battista. Though Ripp had intended to remain Executive Chairman until 2018, he wound up leaving

2646-507: Was promoted to president and CEO, replacing Joseph A. Ripp. Time Inc. purchased American Express Publishing Corporation 's suite of titles, including Travel + Leisure , Food & Wine , Departures , Black Ink and Executive Travel on October 1, 2013. On January 14, 2014, Time Inc. announced that Colin Bodell was joining the company in the newly created position of executive vice president and chief technology officer. However, he

2700-521: Was redirected to the Meredith's website. In March 2018, only six weeks after the closure of the deal, Meredith announced that it would lay off 1,200 employees, and explore the sale of Time , Fortune , Money , and Sports Illustrated . The company felt that these brands did not align with its core, lifestyle-oriented properties. Howard Milstein had announced on February 7, 2018, that he would acquire Golf Magazine from Meredith, and Time Inc. UK

2754-593: Was sold to the British private equity group Epiris (later rebranded to TI Media ) in late February. In September 2018, Meredith announced that it would re-sell Time to Marc Benioff and his wife Lynne for $ 190 million. Although Benioff is the chairman and co-CEO of Salesforce.com , Time will remain separate from the company, and Benioff will not be involved in its daily operations. In November 2018, Meredith announced to sell Fortune to Thai businessman Chatchaval Jiaravanon for $ 150 million. In December 2021, Meredith

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2808-709: Was subsequently completed in November of that year, forming Time4Media (the magazines in the division, with the exception of Golf Magazine and the Parenting Group were sold to Bonnier Group in 2007) In January 2005, Time Inc. announced that it would purchase a remaining stake in New York City-based Essence Communications, publishers of the Essence magazine that it not already own. (Time already purchased 49% stake in

2862-452: Was succeeded by Richard Parsons who had never been connected to legacy Time Inc. (his successor Jeff Bewkes , leader of the parent when Time Inc. was spun off, had like Levin come from the non-publishing operations). The Time, Inc. (the comma remained part of the formal title until the Warner merger but the company ceased to use it in 1933) corporate entity diversified out of publishing in

2916-577: Was succeeded by Shepley, who retained that position for a time after he, in turn, stepped down as president. Davidson also served as chairman of the executive committee after stepping down as chairman of the board. Munro was chairman of the executive committee of Time Warner from 1990 to 1996. On the merger with Warner Communications Munro and then Nicholas were co-CEOs of Time Warner with Steve Ross until 1992 when Ross squeezed Nicholas out. Gerald M. Levin , who had come up through Time's non-publishing operations, succeeded Ross later that year and in 2002

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