Just in case everyone needed a reminder as to why Time Warner wants to ditch Time Inc.: The company’s earnings statement will jog your memory. While Time Warner raked in revenue of $6.94 billion for 2013′s first quarter, it would’ve been much better if not for Time Inc., which reported a five percent drop in overall revenue.
First quarter total revenue for Time Inc. is now at $737 million, compared to $773 million last year. That’s due to an 11 percent drop in subscription revenue and a 10 percent drop in “other” revenue.
It’s perfect. Really.