New York, NY (September 16, 2015) – Time Inc. (NYSE: TIME) CEO Joe Ripp today named Erik Moreno to the newly created position of Executive Vice President, Business Development. Moreno joins the company from Fox Networks Group, a unit of 21st Century Fox, where he was Senior Vice President, Corporate Development. Moreno will report to Ripp, beginning Monday, September 21

 

”With Time Inc.’s brands serving loyal and passionate audiences, reaching one in two Americans and nearly half of the UK adult population, we have a big opportunity to extend our brands, content and relationships into new lines of business and associated revenue streams. Erik’s strategy, M&A and business development experience across telecommunications, consumer Internet and media is exactly the kind of expertise that will help us identify these future growth areas,” said Ripp. “I’m very pleased to welcome Erik in this important new role as we take a broader, more holistic approach to the transformation and growth of Time Inc.”

 

Moreno commented: “I couldn’t be more excited about joining Time Inc. The cornerstones for building new media opportunities are beloved brands and passionate audiences. As technology continues to disrupt traditional business models, Time Inc. is uniquely positioned to leverage its 90+ brands touching over 120 million people around the world to service these audiences and position the company for future success. I look forward to working with Time Inc.’s leadership team to explore these opportunities to serve our consumers.”

 

As Senior Vice President of Corporate Development of Fox Networks Group, Moreno identified new business and strategic opportunities and worked on the company’s acquisitions and joint ventures. During the past five years, Moreno also served as co-General Manager of Mobile Content Venture, and he led 21st Century Fox’s efforts ahead of the FCC’s upcoming spectrum auction and other digital initiatives. Previously, Moreno was Director of Corporate Development for eBay Inc. and was Vice President of Corporate Development and Strategy for Level 3 Communications Ltd., a global wholesale telecommunications company. He began his career at Gleacher & Co., a boutique investment bank specializing in mergers and acquisitions.

 

Moreno is a graduate of the Wharton School of the University of Pennsylvania. He is a Trustee of USA Funds, an education-focused nonprofit organization that aims to provide access for students seeking higher education.

 

Over the past couple of months, Time Inc. has been extending the power of its brands through various investments and acquisitions. It formed Sports Illustrated Play, a new company devoted to youth and amateur sports, and acquired inVNT, a company that specializes in live media. In August, Time Inc. UK made a strategic investment in Snap Fashion, a visual search business specializing in fashion.

 

 

 About Time Inc.  

Time Inc. (NYSE:TIME) is one of the world’s leading media companies, with a monthly global print audience of over 120 million and worldwide digital properties that attract more than 140 million visitors each month, including over 60 websites. Our influential brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as more than 50 diverse titles in the United Kingdom, such as Decanter, Horse & Hound and Wallpaper*. Time Inc. is home to celebrated franchises and events, including the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. Hundreds of thousands of people attend our events every year. We have been extending the power of our brands through various investments and acquisitions, including the formation of Sports Illustrated Play, a new company devoted to youth and amateur sports, and the acquisition of inVNT, a company that specializes in live media. We also provide content marketing, targeted local print and digital advertising programs, branded book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for ourselves and third-party clients, including other magazine publishers.

 

 CONTACT:

Time Inc.

Jill S. Davison

Jill.Davison@timeinc.com

 

212-522-0105

 

 

Erin Clinton

Erin_Clinton@timeinc.com

 

212-522-2710