Time Warner (TWX) is spinning off Time Inc. into a separate, publicly-traded company, with the...


Time Warner (TWX) is spinning off Time Inc. into a separate, publicly-traded company, with the goal of completing the transaction by year's end. Division CEO Laura Lang will leave after the spinoff process is over. Time Inc. publishes the namesake magazine, Sports Illustrated, Fortune, and dozens of other magazines, along with related web sites and mobile apps. Time Warner has been evaluating options for the unit. (PR)

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Comments (2)
  • TGC004
    , contributor
    Comments (454) | Send Message
     
    Reminds me of a death spiral, couldn't come to terms with Meredith who most likely wanted to keep SI and Fortune going along with Real Simple, People and a few others, and shut the rest down, so spin the thing off, load it up with debt and watch as the whole thing folds in 2-3 years. The consumer magazine business is done, stick a fork in it.
    6 Mar 2013, 08:17 PM Reply Like
  • Eddie B
    , contributor
    Comments (44) | Send Message
     
    Much like the horse and buggy....killed by progress....
    7 Mar 2013, 06:56 AM Reply Like
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