It may not sound like a lot, but a record 5% of Fortune 500 CEOs on this year's list are female. The annual list, which was released on Monday, ranks the revenues of the largest U.S. companies.
Mary Barra, who is the CEO of General Motors (GM), at number seven, was the highest-ranked female on the Fortune 500 list. Meg Whitman, CEO of HP (HPQ), was the next female in line, coming in at 17 on the overall ranking.
Other women running companies ranked in the top 50, included Virginia Rometty of IBM (IBM), Patricia Woertz of Archer Daniels Midland (ADM) and Indra Nooyi of Pepsico (PEP). A total of 24 women helm companies on the Fortune 500 list.
Time’s own revenue fell 9% between 2011 and 2013, coming in at $3.35 billion. The plans for the spinoff were announced in March of last year.
Follow Katie Roof on Twitter @Katie_Roof