OREANDA-NEWS. November 16, 2015. The Time Inc. (NYSE:TIME) Board of Directors has determined to accelerate the start date of our previously announced authorization relating to stock repurchases and debt repayments.

Under this authorization, effective immediately, the company is permitted to purchase up to \\$300 million of our common stock and to prepay or repurchase up to \\$200 million principal amount of our debt.

The consummation of the sale of the Blue Fin Building, which is no longer a condition to the effectiveness of the Board’s authorization relating to stock repurchases and debt repayments, is still expected to occur during the fourth quarter of 2015.

All other aspects of the previously announced repurchases remain the same as previously disclosed. For more information, please see our Current Report on Form 8-K filed with the Securities and Exchange Commission.