Diabytes
Time Inc News
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Time Inc. today in blog post confirms hacking of its social networking site MySpace, according to Bloomberg Technology reports.
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It is unclear if the company has retained an investment bank as financial advisor on the potential bid. Yahoo officially launched the sale of its core business, which includes search, mail and news sites, last week.
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Time Inc, the publisher of Sports Illustrated, Time and People, cut its full-year revenue forecast for the second time, hurt by a fall in revenue from print advertising.
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