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Time Inc.'s CEO Joe Ripp Says It's 1999 All Over Again

Yep, it's a bubble.

Time Inc. Chief Executive Joe Ripp said the inflated valuations for technology companies that he saw in the late 1990s are back.

“We’re at a bubble again,” Ripp said in an interview at Code/Media Series: New York. “We’re looking at these new technologies and services, and they say they’re worth a lot of money. … I’ve got to run an old media company. I can’t generate buzz. I have to generate cash.”

This article originally appeared on Recode.net.

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