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Time Inc misses revenue estimates as print ads decline


(Reuters) - Magazine publisher Time Inc's revenue fell short of analysts' forecasts for the third quarter, as an uptick in online advertising failed to offset a decline in print ads.The New York-based publisher of Time, Sports Illustrated and People magazines said on Thursday its total advertising revenue fell 11.5 percent to $369 million in the quarter ended Sept. 30, led by a 17.7 percent decline in print advertising revenue.Digital advertising revenue rose 2.3 percent to $132 million.The results come weeks after Time said it was looking to sell assets that represented about $488 million in ...

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First Published: Thu, November 09 2017. 17:51 IST