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Evolution of People Inc. 1922 Time Inc. , the predecessor to the modern People Inc., was founded by Henry Luce and Briton Hadden , and it became the biggest magazine owner1927 Time (Magazine) , the namesake publication of Time Inc., began its annual Time Person of the Year 1930 Fortune was launched as Time's second magazine imprint to cover business journalism and economics 1936 Life , named after the older humor magazine, began publishing and popularized photojournalism 1941 In a famous editorial dubbed the American Century , Henry Luce envisioned U.S. foreign policy becoming more interventionist 1950s Sports Illustrated launched as Time's dedicated sports magazine with a focus on vivid photography 1961 Time-Life was established as Time's marketing division , and it grew into a minor multimedia company1968 Little, Brown and Company was acquired and incorporated into Time as its book publishing division1972 Time acquired Home Box Office, Inc. from Charles Dolan and began managing the HBO pay-tv network 1974 People was launched to serve as the spiritual successor to Life, with a focus on celebrities and popular culture 1985 Southern Progress Corporation was acquired, and Time gained notable imprints like Southern Living and launched titles like Cooking Light 1989 Time Inc. became a subsidiary under Time Warner after merging with Warner Communications , and its book assets were soon consolidated 1992 Time Warner Cable was established as the consolidated cable division of Time Warner, and until 2016, it was the second-largest cable operator 1997 AskJeeves launched online and became a major search engine ; after the dot-com bubble , it declined and was bought out by IAC 1999 Pathfinder , a digital hub for Time imprints, was shut down due to unprofitability, and Time Warner later pursued a merger with AOL 2006 The Lagardère Group acquired the Time Warner Book Group and renamed it Hachette Book Group 2014 Time Inc. was spun off as a separate, public company from Time Warner due to the decline of print media 2018 After being acquired by Meredith , Time Inc. was dissolved, and non-core magazine titles were placed for sale 2021 Dotdash merged with Meredith, and the merged company became a subsidiary of IAC as Dotdash Meredith 2025 IAC and Dotdash Meredith adopted the branding of People (magazine) to simplify corporate identity, with their new logos paying tribute to Time Inc.
