Gordon Crawford, managing director of Time Warner's (TWX) largest shareholder, says the media...

|About: Time Warner Inc. (TWX)|By:, SA News Editor

Gordon Crawford, managing director of Time Warner's (TWX) largest shareholder, says the media giant will sell off its magazines (Time, SI, People, etc.) in order to focus on its core business - Warner Brothers, HBO and the Turner Networks. It could use the money, he says, to go shopping in TWX's niche - movies, TV shows, and networks. Here's the video.