Time Warner May Sell Off Magazines Eventually, Or Not
Time Warner is completing its spin-off of AOL later this year, a deal that has led many to speculate that the media company might jettison its Time Inc. magazine division, from which its prestigious media name is derived.
Adding to the speculation, last week Gordon Crawford, the managing director of Time Warner’s largest shareholder, The Capital Group, stated that plan as fact during a discussion at the University of Southern California’s Annenberg School for Communication.
“Time Warner just spun off their cable division, they are going to sell their print division, they are going to spin off AOL and they’re just going to be Warner Brothers, HBO and the Turner Networks,” Crawford said, according
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