Get Media Industry Alerts
Visit min's sister site:


Facebook  Twitter  LinkedIn   Google+   
Latest Issue »
Subscribe Now »
Get 4
Free Issues »
BREAKING NEWS & VIEWS

Time Warner Postpones Time Inc. Spin-Off Until Early 2014


Thursday, August 8, 2013


Time Warner Inc. chairman/CEO Jeff Bewkes announced Aug. 7 that the completion of the spin-off of publisher Time Inc. will not occur until after the new year. Dec. 31 had been the target since March 7, when Bewkes revealed the TW plans to make Time Inc. "a standalone public company that will be able to attract a more natural shareholder base."

The reason is to give incoming Time Inc. CEO Joe Ripp more time to acclimate and set strategies once he starts after Labor Day. Ripp's hire was not made until July 22 after overtures to Minneapolis Star Tribune publisher/CEO Mike Klingensmith and possibly others were turned down.

Bewkes' statement was part of conference call with analysts that accompanied Time Warner's second-quarter and first-half earnings. All units except Time Inc. were up, and TW stock hit a year-to-date high of $66.01 per share, +38.8% versus the Jan. 2 opening at $48.83.





If you have breaking news to share please contact min's editors.


Friend Us on Facebook at www.facebook.com/minOnline.

COMMENTS

min's Magazine Media Awards Announced
View the Winners & Honorable Mentions

min's Integrated Marketing Awards
Entry Deadline: June 24
Enter Today

min Webinar:
How To Get Even More From Facebook

Watch Ondemand

See all events and awards

Search Jobs
Media Jobs
Email Marketing Specialist
Harvard Business Publishing
Brighton, MA

Managing Editor
University of Maryland, Baltimore
Baltimore, MD

Attorney Editor State Q&A
LexisNexis
New York, NY

Vice President for College Relations and Marketing
Washington College
Chestertown, MD

Writer/Editor
University of Maryland
College Park, MD


White Papers
Get even smarter.  Need a quick primer on a media topic? Download a white paper!

Optimizing Your Printer Services - By MRI

Media Insights: minsider Viewpoints from the Front Lines - By min


View Whitepapers
min Contests

min contests





Want to sponsor a min contest?

Inside min This Week




min
Free Eletters — Sign up Now