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TIME

Time Inc.

$13.25

-0.01 (-0.08%)

08:41
10/18/16
10/18
08:41
10/18/16
08:41

Time Inc. CEO continues executive shakeup with CFO succession

Shares of Time Inc. (TIME) are in focus this morning after the media company announced a series of organizational changes, including the departure of its chief financial officer. The management shakeup comes as Rich Battista settles into his role as chief executive officer. CFO SHAKEUP: This morning, Time Inc. stated that its executive vice president and CFO Jeff Bairstow will leave the company following a transition period. Bairstow will stay in his role until November 7, at which time he will maintain an advisory role until March 1. The company said senior vice president and controller Sue D'Emic will succeed Bairstow as EVP and CFO and will report to Battista. OTHER MANAGEMENT CHANGES: Additionally, Time Inc. said that Marcus Rich, who serves as CEO of Time Inc. U.K., will now report to CEO Battista. Rich previously reported to Bairstow. Further, Battista said that Erik Moreno, the current EVP, Business Development, will become EVP and President, Corporate Development, New Ventures & Investments. Moreno will oversee Time Inc. International as well as M&A and Strategic Planning, Time said. Finally, Time said Greg Giangrande, EVP and Chief Human Resources Officer, will take on the additional role of Chief Communications Officer and will oversee Corporate Communications and Media Relations, Employee Communications and Corporate Social Responsibility, while Jaison Blair, currently SVP, Investor Relations and Corporate Communications, will become SVP, Investor Relations, Finance & Corporate Development. WHAT'S NOTABLE: Last month, the media company named Jen Wong as the company's COO, a newly created role, marking the first executive appointment since Battista became CEO. Battista was named CEO in September, a month after Jana Partners bought a stake in the media company. Battista, who had been executive vice president of Time and president of Brands, replaced Joe Ripp, who remains executive chairman. Jana Partners held a nearly 5% stake in Time Inc. at the end of June, according to regulatory filings. Time has been working to expand its digital business and recently launched an ad-supported streaming video service called the People/Entertainment Weekly Network. The launch represents an opportunity for the magazine publisher to diversify by gaining digital audience and scale, The Wall Street Journal recently said.

TIME Time Inc.
$13.25

-0.01 (-0.08%)

05/17/16
05/17/16
INITIATION

Time Inc. to host investor open house
Investor open house to be held in New York on May 17 at 9 am. Webcast Link
05/19/16
MACQ
05/19/16
UPGRADE
MACQ
Outperform
Time Inc. upgraded to Outperform from Neutral at Macquarie
05/19/16
05/19/16
UPGRADE

Outperform
Time Inc. upgraded to Outperform at Macquarie
As previously reported, Macquarie upgraded Time Inc to Outperform from Neutral. The firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content.
05/19/16
05/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Wells Fargo analyst Craig Bijou upgraded Mazor Robotics (MZOR) to Outperform, saying the stock has more appreciation potential after yesterday's rally on its commercial agreement with Medtronic (MDT). The partnership "provides a strong endorsement" of Mazor's next-generation technology, Bijou told investors. 2. Macquarie upgraded Time Inc. (TIME) to Outperform from Neutral, as the firm's analyst believes Time will see a dramatic turnaround in earnings and cash flow beginning in the second half of this year following heavy cost cutting and investments in content. 3. RBC Capital analyst Robert Stallard upgraded L-3 Communications (LLL) to Outperform and increased his price target to $150 from $137. Following management meetings, the analyst has increased confidence L-3 is on track to achieve its long-term operating margin goals and improved execution. 4. Halliburton (HAL) upgraded to Buy from Neutral at Griffen Securities. 5. Credit Suisse (CS) upgraded to Buy from Neutral at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ILG

ILG

$18.88

-0.21 (-1.10%)

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PRGX

PRGX Global

$6.25

0.45 (7.76%)

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PDCE

PDC Energy

$67.59

-4.1 (-5.72%)

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JUNO

Juno Therapeutics

$24.04

0.64 (2.74%)

15:05
03/01/17
03/01
15:05
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15:05
Options
Juno Therapeutics options imply 11.3% move in share price post-earnings, above median historical move »

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SBGI

Sinclair Broadcast

$39.90

-0.05 (-0.13%)

15:01
03/01/17
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Hot Stocks
Sinclair Broadcast acquires Tennis Media Company in up to $14M deal »

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PRGX

PRGX Global

$6.25

0.45 (7.76%)

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TXT

Textron

$49.46

2.16 (4.57%)

15:01
03/01/17
03/01
15:01
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15:01
Options
Bullish flow in Textron as shares rally »

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  • 06

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NUS

Nu Skin

$49.41

-0.13 (-0.26%)

, EQY

Equity One

$31.20

-0.46 (-1.45%)

14:55
03/01/17
03/01
14:55
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14:55
Hot Stocks
Breaking Hot Stocks news story on Nu Skin, Equity One »

Nu Skin to replace Equity…

NUS

Nu Skin

$49.41

-0.13 (-0.26%)

EQY

Equity One

$31.20

-0.46 (-1.45%)

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REG

Regency Centers

$69.37

-0.98 (-1.39%)

, ENDP

Endo

$13.65

0.36 (2.71%)

14:55
03/01/17
03/01
14:55
03/01/17
14:55
Hot Stocks
Regency Centers to replace Endo in S&P 500 as of 3/2 open »

Regency Centers (REG) is…

REG

Regency Centers

$69.37

-0.98 (-1.39%)

ENDP

Endo

$13.65

0.36 (2.71%)

EQY

Equity One

$31.20

-0.46 (-1.45%)

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ENDP

Endo

$13.65

0.36 (2.71%)

, REG

Regency Centers

$69.37

-0.98 (-1.39%)

14:55
03/01/17
03/01
14:55
03/01/17
14:55
Hot Stocks
Breaking Hot Stocks news story on Endo, Regency Centers »

Endo to replace Regency…

ENDP

Endo

$13.65

0.36 (2.71%)

REG

Regency Centers

$69.37

-0.98 (-1.39%)

03/08/13
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  • 13

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XOP

SPDR Oil Exploration and Production Fund

$38.88

1.0201 (2.69%)

14:51
03/01/17
03/01
14:51
03/01/17
14:51
Options
Hefty put spread in SPDR Oil Exploration and Production ETF »

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MNST

Monster Beverage

$41.44

-0.65 (-1.54%)

14:50
03/01/17
03/01
14:50
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14:50
Options
Monster Beverage options imply 9.8% move in share price post-earnings, above median historical move »

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IPXL

Impax

$14.25

-0.4 (-2.73%)

14:45
03/01/17
03/01
14:45
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14:45
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Impax rating change  »

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14:45
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General news
Market remains at record levels in afternoon trading »

Stocks remain sharply…

GD

General Dynamics

$192.22

2.41 (1.27%)

14:43
03/01/17
03/01
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14:43
Hot Stocks
General Dynamics boosts dividend to 84c per share, adds 10M shares to buyback »

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P

Pandora

$12.26

-0.125 (-1.01%)

, SIRI

Sirius XM

$5.09

-0.09 (-1.74%)

14:41
03/01/17
03/01
14:41
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14:41
Periodicals
Liberty Media: Pandora is 'great product,' 'way undermonetized,' Bloomberg says »

Sirius XM (SIRI) CEO…

P

Pandora

$12.26

-0.125 (-1.01%)

SIRI

Sirius XM

$5.09

-0.09 (-1.74%)

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GNW

Genworth

$4.14

0.0501 (1.22%)

14:41
03/01/17
03/01
14:41
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14:41
Conference/Events
Genworth to host special shareholder meeting »

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GD

General Dynamics

$192.08

2.27 (1.20%)

14:40
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Hot Stocks
Breaking Hot Stocks news story on General Dynamics »

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SPY

SPDR S&P 500 ETF Trust

$240.20

3.73 (1.58%)

, SPX

S&P 500

$2,399.94

36.3 (1.54%)

14:38
03/01/17
03/01
14:38
03/01/17
14:38
Technical Analysis
S&P 500 crosses 2400 for the first time »

The S&P 500 (SPX) has…

SPY

SPDR S&P 500 ETF Trust

$240.20

3.73 (1.58%)

SPX

S&P 500

$2,399.94

36.3 (1.54%)

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KAR

KAR Auction

$45.02

0.2 (0.45%)

14:33
03/01/17
03/01
14:33
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14:33
Hot Stocks
KAR Auction appoints Howse as Chief Commercial Officer »

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APD

Air Products

$142.94

2.47 (1.76%)

, MPC

Marathon Petroleum

$51.23

1.63 (3.29%)

14:30
03/01/17
03/01
14:30
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14:30
Hot Stocks
Air Products says wins additional Marathon Petroleum supply contract »

Air Products (APD)…

APD

Air Products

$142.94

2.47 (1.76%)

MPC

Marathon Petroleum

$51.23

1.63 (3.29%)

03/08/13
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CETX

Cemtrex

$3.54

-0.28 (-7.33%)

14:29
03/01/17
03/01
14:29
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14:29
Hot Stocks
Cemtrex announces stock buyback of over 200K shares »

Cemtrex announced today…

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MDCA

MDC Partners

$8.75

-0.1 (-1.13%)

14:27
03/01/17
03/01
14:27
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14:27
Hot Stocks
MDC Partners received subpoena from Department of Justice »

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  • 03

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BUD

AB InBev

$109.93

0.44 (0.40%)

, KR

Kroger

$32.09

0.285 (0.90%)

14:26
03/01/17
03/01
14:26
03/01/17
14:26
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BUD

AB InBev

$109.93

0.44 (0.40%)

KR

Kroger

$32.09

0.285 (0.90%)

BURL

Burlington Stores

$87.24

-1.77 (-1.99%)

JOY

Joy Global

$28.20

0.005 (0.02%)

ANF

Abercrombie & Fitch

$11.25

-0.51 (-4.34%)

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14:25
03/01/17
03/01
14:25
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14:25
General news
Treasury Action: yields remained elevated »

Treasury Action: yields…

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