Thursday, March 05, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Introduces Insurance Shopping Site
U.S. Trade Office Releases Latest Notorious Markets List
MPEG LA Introduces License for DisplayPort
Toshiba Starts Shipping 20-Megapixel CMOS Image Sensor For Mobile Devices
Larger iPad Production Pushed Back For September:
Intel Outlines 2015 Gaming News at GDC
HBO, Apple To Launch Video Streaming Service: report
Xbox One wireless controller Adapter Coming To Windows PCs
Active Discussions
Newbie
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
 Home > News > General Computing > Time Wa...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 07, 2013
Time Warner To Spin Out Time Magazine


Time Warner Inc. will be soon be completely separated from its Time magazine unit, which will become an independent, publicly traded company.

Time Warner aims to complete the proposed transaction by the end of the calendar year.

Time Warner Chairman and Chief Executive Officer Jeff Bewkes said: "After a thorough review of options, we believe that a separation will better position both Time Warner and Time Inc. A complete spin-off of Time Inc. provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses, and improves our growth profile. Time Inc. will also benefit from the flexibility and focus of being a stand-alone public company and will now be able to attract a more natural stockholder base. As we saw with the prior spin-offs of Time Warner Cable and AOL, we expect the separation will create additional value for our stockholders."

Time Inc. is a multi-platform publishing and branded content company, reaching nearly half of U.S. adults each month and millions of consumers around the world.

The proposed transaction will be structured as tax-free to Time Warner stockholders. The transaction is contingent on the satisfaction of a number of conditions, including completion of the review process by the Securities and Exchange Commission of required filings under applicable securities regulations and the final approval of transaction terms by Time Warner's Board of Directors.

Magazines are challenged as people turn to smart phones and tablets to read and advertisers have been spending money on electronic media.


Previous
Next
Google Search, Google Now and Google Maps Now Offer Public Alerts To Japanese        All News        Kinect 2.0 Supports Gesture controls
Google Search, Google Now and Google Maps Now Offer Public Alerts To Japanese     General Computing News      Dell Committee Supports Dell Buyout

Get RSS feed Easy Print E-Mail this Message

Related News
Time Warner Cable Reject Third Proposal from Charter Communications
Time Warner Cable, Viacom Resolve Legal Disputes
Time Warner Sees "Download-to-burn" Movies in '07
Hollywood Sues Samsung over Old DVD player
Industry Deal Set on Allowing Limited DVD Copying

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .