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HARRISBURG, Pa. (AP) - The publisher of Time magazine has agreed to pay nearly $4.5 million to end investigations by 23 states into whether it deceptively marketed and billed people for subscription renewals, Pennsylvania's attorney general said Tuesday.
Time Inc. also agreed to make about $4.3 million available in refunds, Attorney General Tom Corbett said. About 108,000 customers in 23 states are eligible to share the refund money and will receive a mailing in three months with a refund request form.
The $4.5 million will cover the cost to states to investigate Time, which also publishes Fortune, People, Sports Illustrated and more than 40 other magazines in the United States.
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