Time Inc Sees Double-Digit Dive in Revenue from Print Ads

New York Post: Time Inc. shares got slammed on Thursday, falling 8.4 percent after CEO Joe Ripp lowered 2016 revenue guidance to flat to a 1.5 percent gain. But a dramatic double-digit dive in print-ad revenue in the second quarter — from which the publisher of People, Time, Sports Illustrated and InStyle derives more than 70 percent of its ad revenue — forced Ripp to lower the outlook.