Time Inc.

Nearly two dozen states were investigating the Time Magazine publisher for deceptively marketing and billing consumers for subscription renewals. Instead of giving readers the option to renew their subscription when it was about to expire, Time required readers to cancel their subscription if they no longer wanted it. Between 1998 and May 2004, Time billed people or charged their credit cards for subscriptions they never ordered. Time has agreed to pay a $4.5 million settlement and has agreed to make $4.3 million available in refunds. (Mar-22-06) [BOSTON GLOBE]

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