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04 June 2014

Time Inc. Drops Source Interlink's Wholesaler Services

In advance of its spinoff from Time Warner, Time Inc. has terminated its business with Source Interlink Distribution, its second largest wholesaler. According to a regulatory filing, the decision was made due to $7 million in uncollectible receivables owed to Time Inc. that will be recorded as bad debt in 2Q 2014.


Source Interlink distributed Time Inc.'s titles to retailers in the U.S. and sales of these magazines represented about 2 percent of the company's total 2013 revenues—about $70 million.

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