It’s still early days, but so far the newly independent Time Inc. is holding its own.
On Tuesday, Chairman and CEO Joe Ripp convened the company’s first board meeting since its June 6 spinoff from parent Time Warner — and the news was mostly good.
Most important, shareholders aren’t abandoning the new Time Inc. in droves as feared. The stock has held up since the separation, rising nearly 16 percent.
Also this week, Sports Illustrated relaunched its digital offerings and revealed it’s entering the potentially lucrative sports fantasy world with an app for a daily play in the new couple of weeks.
SI’s new video network, 120 Sports, was also up and running as of Tuesday.
One thing Time Inc. has not been able to do, however, is stem the departure of key editors. Last week, Bobby Gosh left as international editor of Time to join Atlantic Media’s Quartz as managing editor.
This week, Fortune’s deputy editor, Stephanie Mehta, said she was leaving with no new destination in mind. She was instrumental in the pulling together Fortune’s “Most Powerful Women in Business” issue.
Janice Morris also announced she’s leaving as the editor of People.com to join Twitter.