NME owner’s Time was spun off by Time Warner who might be making a big investment in VICE
Music magazines NME and UNCUT are owned by Time Inc who also own Time, Entertainment Weekly, Sports Illustrated, Fortune, LIFE, a whole bunch of magazines about hunting, and a ton of other titles too. Time Warner just spun off Time Inc into its own public company, while they're meanwhile rumored to be making a huge investment in Vice who also recently got a lot of money for 5% of the company from Rupert Murdoch (Fox).
What will the future bring for Time after Time? Only time will tell...