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Since the joint venture just isn’t formally in effect until signed , the Time Inc. group has not but concerned itself in publishing decisions. A redesign of Travel & Leisure was underneath method before Time Inc. got here onto the scene, however the magazine was nonetheless capable of avail itself of a few of the benefits of the association with Time. Under the draft type of the settlement, American Express owns the property and pays Time Inc. an annual payment of about $2 million to manage them.

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