Connect to share and comment

URGENT ¥¥¥ Time Warner to spin off publishing unit Time Inc.

PlacardEnlarge
(Globalpost/GlobalPost)

Time Warner said Wednesday it would spin off its publishing arm Time Inc. as a separate company by the end of the year, allowing the US conglomerate to focus on its television and film operations.

Chief executive Jeff Bewkes said in a statement that a spinoff "provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses."

soe-rl/sst

http://www.globalpost.com/dispatch/news/afp/130306/urgent-time-warner-spin-publishing-unit-time-inc