NEW YORK--(BUSINESS WIRE)--
Time Inc. today announced it has completed the sale of its Mexican
subsidiary, Grupo ExpansiÓn (GEx), to the Latin American private equity
firm, Southern Cross Group, following receipt of regulatory clearance
from the Mexican Federal Economic Competition Commission.
About Time Inc.
Time Inc. (NYSE:TIME) is one of the largest media companies in the world
reaching more than 130 million consumers each month across multiple
platforms. With influential brands such as TIME, PEOPLE, Sports
Illustrated, InStyle, Real Simple, Wallpaper, Travel + Leisure and Food
& Wine, Time Inc. is home to celebrated events and franchises including
the FORTUNE 500, TIME 100, PEOPLEís Sexiest Man Alive, Sports
Illustratedís Sportsman of the Year, the Food & Wine Classic in Aspen
and the Essence Festival.
Source: Time Inc. IR
Teri Everett, 212-522-5613
Source: Time Inc.