Time Inc. Completes Transaction to Acquire American Express Publishing from American Express

Time Inc. Completes Transaction to Acquire American Express Publishing from American Express

New York - October 1, 2013 -Time Inc. and American Express today announced that Time Inc.'s acquisition of American Express Publishing Corporation has been completed. The company, with brands including Travel + Leisure and Food & Wine, is now a wholly-owned subsidiary of Time Inc. About Time Inc. Time Inc., a division of Time Warner, is one of the largest branded media companies in the world reaching more than 130 million Americans each month across multiple platforms. With influential brands such as TIME, PEOPLE, SPORTS ILLUSTRATED, InStyle, and REAL SIMPLE, Time Inc. is home to celebrated events and franchises including the FORTUNE 500, TIME 100, PEOPLE's Most Beautiful and SPORTS ILLUSTRATED'S Sportsman of the Year. Contacts: Time Inc. Jane Lehman, jane_lehman@timeinc.com, +1.212.522.0597 American Express Marina Norville, marina.h.norville@aexp.com American Express Publishing. Jill Davison, jill.davison@timeinc.com