So much for moving to Iowa. Following reports from earlier today that Time Warner’s plan to sell its Time Inc. publishing unit to Des Moines-based Meredith Corp. had collapsed, the firm announced plans to spin off Time Inc. as an independent, publicly traded company by the end of 2013.
Time Warner chairman and CEO Jeff Bewkes also said Laura Lang, the current CEO of Time Inc., is planning to step down as soon as the the spinoff is completed.
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