Get Media Industry Alerts
Visit min's sister site:

Facebook  Twitter  LinkedIn   Google+   
Latest Issue »
Subscribe Now »
Get 4
Free Issues »

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

Up and Coming

Webinar: Growing Audience, Engagement
& Profitability with Video

August 11 | Register Today!

Editorial & Design Awards
Entry Deadline: August 14 | Enter Now!

Breakfast with the minsiders
September 16 | Register Today!

Sales Executive of the
Year Awards Breakfast

September 22 | Register Today!

See all events and awards
Search Jobs
Media Jobs

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
Bicycling's Annual Tour De France Contest

Contest ends: July 26

Want to sponsor a min contest?

Inside min This Week

Free Eletters — Sign up Now