Company reports 6% rise in pre-tax profits as top executives paid more than £5mMarie Claire and NME publisher Time Inc UK boosted profits to nearly 23m last year while paying out more than £5m to staff and top executives at the magazine company.
Time Inc UK reported a 6% rise in pre-tax profits to 22.8m in 2014 as revenues across its magazine portfolio fell 4.5% from £292.7m to £279.5m.
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Source: theguardian.com