CORRECTING and REPLACING Time Inc. Bolsters Its Consumer Product Offerings with Launch of “PEOPLE Perks”

NEW YORK–(BUSINESS WIRE)–Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads:

TIME INC. BOLSTERS ITS CONSUMER PRODUCT OFFERINGS WITH LAUNCH OF
“PEOPLE PERKS”

New Membership Program Available on PEOPLE.com/JoinPerks
Beginning Today

Time Inc. [NYSE: TIME] is bolstering its consumer product offerings with
the launch of PEOPLE Perks, now available on PEOPLE.com/JoinPerks,
a membership program for PEOPLE’s audience that provides unique
discounts on a wide range of products and experiences across
entertainment, style, food, beauty, pets, home, shopping and more.

Leslie Dukker Doty, Executive Vice President of Consumer Marketing and
Revenue, commented, “PEOPLE Perks, like PetHero, a new paid membership
program designed for the millions of pet owners nationwide, reinforces
Time Inc.’s commitment to creating new, relevant and provocative product
offerings for our large direct customer base that includes 30 million
subscribers and a digital footprint of more than 127 million uniques
every month.”

Memberships are available for $60/year or $5.99/month. PEOPLE Perks
provides members with exclusive invitations and offerings from
participating partners, including national deals, local discounts from
independent retail outlets nationwide, instant savings on shopping, fine
and casual dining, local attractions, travel and more.

In addition, PEOPLE Perks members are given the opportunity to earn cash
back for shopping online at favorite retail outlets and to enter
sweepstakes to win VIP access to unique celebrity and red carpet
experiences only PEOPLE can offer, such as the Oscar Fan Experience,
rehearsals for the Tony Awards, the Entertainment Weekly/PEOPLE Upfront
Party and more.

“The PEOPLE Perks membership program provides access to a very wide
variety of savings,” said Jess Cagle, Editor in Chief, PEOPLE. “It also
enables our retail partners an opportunity to connect and engage with
the PEOPLE audience in new ways.”

PEOPLE’s October 9, 2017 issue, available on newsstands nationwide on
Friday, September 29 with “The Pioneer Woman” Ree Drummond gracing the
cover, is a special food edition. PEOPLE Perks members can get discounts
and exclusive deals at several of the fast casual restaurants featured
in this issue.

ABOUT TIME INC.

Time Inc. (NYSE:TIME) is a leading multi-platform consumer media company
that engages over 170 million consumers globally every month. The
company’s influential brands include PEOPLE, TIME, FORTUNE, SPORTS
ILLUSTRATED, INSTYLE, REAL SIMPLE, SOUTHERN LIVING and TRAVEL + LEISURE,
as well as approximately 60 diverse international brands. Time Inc.
offers marketers a differentiated proposition in the marketplace by
combining its powerful brands, trusted content, audience scale, direct
relationships with consumers and unique first-party data. The company is
home to growing media and platforms, including digital video, OTT,
television, licensing, paid products and services and celebrated live
events, such as the TIME 100, FORTUNE Most Powerful Women, PEOPLE’s
Sexiest Man Alive, SPORTS ILLUSTRATED’s Sportsperson of the Year, the
ESSENCE Festival and the FOOD & WINE Classic in Aspen.

ABOUT PEOPLE

Time Inc.’s PEOPLE revolutionized personality journalism when it
launched as a weekly in 1974 with a mission to celebrate extraordinary
people doing ordinary things and ordinary people doing extraordinary
things. Ubiquitous and still at the center of pop culture more
than 40 years later, the PEOPLE brand is accessible across all media and
platforms (print, digital, video, OTT, mobile, social) bringing millions
of consumers a unique mix of breaking entertainment news, exclusive
photos, video, unparalleled access to the red carpet, celebrities, and
in-depth reporting on the most compelling newsmakers of our time. An
essential component of PEOPLE’s editorial vision remains human interest
stories, which touch and often mirror the lives of our passionate
audience. ComScore ranks the PEOPLE/Entertainment Weekly Digital Network
No. 1 in the entertainment news category. And now, the PEOPLE TV app
offers a free, advertiser-supported OTT streaming video service. PEOPLE
is an award-winning 24/7 news organization headquartered in NYC with
reporters worldwide. For more information visit PEOPLE.com
and Timeinc.com, and follow @people on Twitter and Instagram, @peoplemag
on Facebook, and the PEOPLE channel on YouTube and on Snapchat’s
Discover.

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