Exhibit 21

Subsidiaries of the Registrant
	Significant Subsidiary	Jurisdiction of Incorporation
	TI Gotham Inc.	Delaware
	TI Inc. Lifestyle Group	Delaware
	TI Magazines Holdings Limited	United Kingdom
	Time Direct Ventures LLC	Delaware
	Synapse Group, Inc.	Delaware
	TI Inc Affluent Media Group	New York
	Newsub Magazine Services LLC	Delaware
	Allrecipes.com, Inc.	Washington
	KPHO Broadcasting Corporation	Arizona
	International Publishing Corporation Limited	United Kingdom
	MNI Targeted Media Inc.	Delaware
	TI Magazine Holdings LLC	Delaware
	KPTV-KPDX Broadcasting Corporation	Oregon
	Bizrate Insights Inc.	Delaware

All other subsidiaries of the Company, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary.