Time Magazine 2014 Annual Report Download - page 130

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Please find page 130 of the 2014 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, 2009 through December 31, 2014. 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, 2014.
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