How did you arrive at “Fidelity owns Time Magazine?” As far as I can determine, it’s still owned by TimeWarner.
http://www.nasdaq.com/symbol/yhoo/institutional-holdings
FMR LLC is Fidelity. They are the largest institutional holder of Time Magazine.
Owner Name
FMR LLC 03/31/2014
Shares Held
83,975,056
Read more: http://www.nasdaq.com/symbol/yhoo/institutional-holdings#ixzz389zGAmge
Fidelity gets the message though. A lot of their employees of their subsidiary got snuffed in the Malaysia air disaster a few months ago. About 28 Chinese computer experts died when the Malaysian aircraft disappeared.