Time Inc. Statement -- March 21, 2006

Time Inc. Statement -- March 21, 2006

NEW YORK, March 21 /PRNewswire-FirstCall/ -- Time Inc. has agreed to a settlement with 23 states. We have already adjusted some marketing and collection practices for clearer disclosure of automatic renewal subscriptions. Under the terms of the settlement Time Inc. will pay $4.5 million to cover investigative costs, to be divided by the 23 states, and we will also make a fund available to certain subscribers who respond to a claim form we will mail in June.

Contacts:
Dawn Bridges
212.522.2494
dawn_bridges@timeinc.com

Ali Zelenko
212.522.1502
ali_zelenko@timeinc.com

Source: Time Inc.

CONTACT: Dawn Bridges, +1-212-522-2494, or dawn_bridges@timeinc.com; or
Ali Zelenko, +1-212-522-1502, ali_zelenko@timeinc.com

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