Press Release: Time Inc. Appoints Steve Marcopoto President of Time Inc. International
NEW YORK—(BUSINESS WIRE)—Time Inc. Chairman and CEO Joe Ripp today appointed Steve Marcopoto to the newly created position of President, Time Inc. International, formalizing his role during the past year as a consultant. Effective immediately, Marcopoto is charged with expanding Time Inc.’s business portfolio in international markets through digital, video and TV platforms, partnerships, acquisitions, licensing and commerce.
“Since Time Inc. became a public company 18 months ago, we have focused on transforming our business and positioning our company for growth. Steve’s expertise and success in growing international operations make him an excellent choice to lead us as we aim to extend our capabilities on a global scale,” said Ripp.
Marcopoto commented: “I am delighted to be returning to Time Inc. to help drive the diversification and expansion of our best-in-class brands, content and media properties around the world. The digitally fueled growth of the media industry internationally makes this an ideal and exciting time to extend the Time Inc. transformation globally.”
Marcopoto was previously president and managing director of Turner Broadcasting Asia-Pacific, where he oversaw all programming, original production, business and network development, advertising and distribution sales, marketing and promotion. During his tenure, he expanded the operation to significant scale, taking it from two broadcasting networks in the region to 36 channels and 13 digital services in 11 languages by the time of his departure. Prior to that, Marcopoto held various positions at Time Inc., including President, Time Inc. Asia; Publisher, Time Asia; and Managing Director, Fortune Asia.
During the past couple of months, Time Inc. has been extending the scope and adjacent activities of its brands globally. It recently announced the international expansion of the highly acclaimed Essence Festival franchise, launching a three-year partnership with eThekwini Municipality to host the Essence Festival in Durban, South Africa. Time Inc. also announced the launch of a US bespoke edition of Wallpaper*, the world’s most important design and style brand. Time Inc. UK acquired UK Cycling Events (UKCE), a leading UK provider of premium cycling events, and made a strategic investment in Snap Fashion, a visual search business specializing in fashion.
About Time Inc.
Time Inc. (NYSE:TIME) is one of the world's leading media companies, with a monthly global print audience of over 120 million and worldwide digital properties that attract more than 150 million visitors each month, including over 60 websites. Our influential brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as more than 50 diverse titles in the United Kingdom such as Decanter, Horse & Hound and Wallpaper*. Time Inc. is home to celebrated franchises and events, including the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. Hundreds of thousands of people attend our events every year. We have been extending the power of our brands through various investments and acquisitions, including the formation of Sports Illustrated Play, a new company devoted to youth and amateur sports, and the acquisition of inVNT, a company that specializes in live media. We also provide content marketing, targeted local print and digital advertising programs, branded book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for ourselves and third-party clients, including other magazine publishers.