Time CEO is Happy the Company Gets to Keep Its Cash

Time Inc.'s CEO Joe Ripp is looking forward to keeping its cash. Prior to being spun off from Time Warner, Time Inc. had to send billions of dollars back to its parent company and now it can hold on to that money. Ripp is looking forward to bringing new digital life to legacy names like Time, Fortune, Sports Illustrated and People magazine. He specifically mentioned the introduction of Money.com that was buried under CNN and can now stand on its own. He feels many of these magazines will have a new life now that more attention can be focused on them and more investments made into them.