planned spinoff of time inc magazine group delayed
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Preparing to become independent publicly traded company

Planned spinoff of Time Inc. magazine group delayed

Arab Today, arab today

Arab Today, arab today Planned spinoff of Time Inc. magazine group delayed

CEO of Time Warner Inc. Jeff Bewkes
London - Arabstoday

CEO of Time Warner Inc. Jeff Bewkes The planned spinoff of the Time Inc. group of magazines, initially planned for this year, has been delayed until sometime in 2014, conglomerate Time Warner said Wednesday. Chief executive Jeff Bewkes told a conference call related to Time Warner earnings that the plan was progressing but would not be completed this year, as had been previously announced.
Bewkes said the Time Inc. chief Joe Ripp and his team "have been in place for a couple months now and they are making great progress in preparing Time Inc. to become an independent publicly traded company."
He added that documents on the spinoff should be filed in "the next few weeks," and added that "that should put us in a position to complete the spinoff during the second quarter of next year."
Time Warner announced plans in March for a "complete legal and structural separation of Time Inc. from Time Warner" which would make the publishing unit "an independent, publicly traded company."
The company publishes 21 US magazines, including its flagship Time magazine, People, Fortune and Sports Illustrated. It has 25 websites and several international magazines including global editions of Time and Fortune and publishing operations in Britain and Mexico.
The publishing industry is grappling with a steep drop in print advertising revenue, steadily declining circulation and the migration of readers to free news online.
Time Warner, which owns Warner Bros., HBO television, CNN and Turner Broadcasting, said profits rose 44 percent from a year ago in the past quarter to $1.18 billion. Revenues were nearly flat at $6.86 billion.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

planned spinoff of time inc magazine group delayed planned spinoff of time inc magazine group delayed

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

planned spinoff of time inc magazine group delayed planned spinoff of time inc magazine group delayed

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday