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Time Inc. Digital Revenues Increase By $20 Million; Online Mag Strategy Rests Heavily On Video

Time Inc. digital revenues grew $20 million year-over-year, thanks mainly to the interactive efforts of Sports Illustrated and CNNMoney, Folio reported. Speaking at the Time Inc. Digital Showcase, EVP John Squires said that digital revenue at those two properties currently comprises about 15- and 20 percent of their total respective revenue. As Time Warner (NYSE: TWX) CEO Jeff Bewkes pointed out during the company’s Q1 investors conference call that the growth on the digital side was still not enough to offset losses on the print side. Overall, Time Inc.