Arab Today, arab today planned spinoff of time inc magazine group delayed
Last Updated : GMT 21:55:33
Arab Today, arab today
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*

Arab Today, arab today planned spinoff of time inc magazine group delayed Arab Today, arab today planned spinoff of time inc magazine group delayed

 



Arab Today, arab today

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*

Arab Today, arab today planned spinoff of time inc magazine group delayed Arab Today, arab today planned spinoff of time inc magazine group delayed

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Media: وسائل الإعلام أخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday