Time Inc. Spinoff Timing Delayed

Ad and subscription revenue down in 3Q

It looks like Time Inc. CEO Joe Ripp will have some more time to prepare for the publisher’s spinoff from Time Warner. The split is now expected to be completed in the second quarter of 2014, Time Warner chairman Jeff Bewkes said during an earnings conference call.

When it was first announced in March, Time Warner said it was expected to take place at the end of 2013. Then in the summer, Bewkes extended the date to early 2014 after the Time Inc.

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