STILL TOUGH AT TIME: As part of Time Warner’s earnings news on Wednesday, Time Inc. reported revenue declines of 13 percent to $1.10 billion during the fourth quarter and advertising revenue down 12 percent, which represented an improvement over the prior year. The style and entertainment unit emerged as the strongest performer during the period, thanks to revenue growth from People magazine. Most of the ad declines were concentrated in the news segment, which includes Time magazine. The division showed improvement in subscription trends, primarily at the newsstand. For the first quarter of this year, Time Inc. has seen improvement in print advertising, relative to the fourth quarter.
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