Time Magazine 2013 Annual Report Download - page 138

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Please find page 138 of the 2013 Time Magazine annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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COMPARISON OF CUMULATIVE TOTAL RETURNS
The chart below compares the performance of the Company’s Common Stock with the performance of the
S&P 500 Index and a peer group index from December 31, 2008 through December 31, 2013. The peer group
index includes CBS Corporation (Class B), Twenty-First Century Fox, Inc. (formerly named News Corporation)
(Class A), Viacom Inc. (Class B) and The Walt Disney Company.
In accordance with SEC rules, the Company constructed the peer group index with which to compare its
stock performance because there is not a relevant published industry or line-of-business index. The peer group
index reflects the Company’s selection of media and entertainment companies that have lines of business similar
to its own. Some of these companies are engaged in businesses in which the Company did not participate as of
December 31, 2013.
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