Acknowledging that its deal to sell its Time Inc. publishing division to Meredith Corp. had come undone, Time Warner said on Wednesday that it will spin off the struggling unit. In a statement, Time Warner Chairman and CEO Jeffrey L. Bewkes said: As you know, Time Warner successfully completed similar separations in the past few years with Time Warner Cable and AOL. Both of those companies have thrived independently, and I anticipate the same for Time Inc. The deal with Meredith would have turned over some of Time Inc.'s publications to the publisher of mostly female-oriented titles but kept the company's standard bearers, like Time, Fortune, and People. Today's (Thursday) Wall Street Journal, citing a person familiar with the situation, said that in the end the company decided that the benefits of a complete spin-off were greater than selling off some of the titles to Meredith. The result, said Bewkes, will enable the pared-down Time Warner to focus entirely on our television networks and film and TV production businesses. Questions remained, however, about whether Time Inc. will be able to survive in an increasingly threatening digital environment. And will Time Warner, which dropped AOL from its title when it spun off the online service, will also remove Time, thereby reverting to the Warner Bros. company name that was first registered 90 years ago.
On the same day that Glastonbury welcomed back Margate's adopted sons, The Libertines, Margate itself put on it's very own Leisure Festival as it...
Sheffield's very own all girl group Pretty Fierce are still on a high after the recent release of their debut single - 'Ready For Me'.
Three nights before the end of his current tour Will Varley returned to his home town of Deal to delight a sold out crowd in The Astor Theatre.
With only a few days to go before Portsmouth based songstress and producer WYSE releases her new single, 'Belladonna', we caught up with her to find...
Colorado raised, Glasgow educated and Manchester based Bay Bryan is nothing if not a multi-talented, multi-faceted artist performing as both...
Former Marigolds band member Keelan Cunningham has rediscovered his love of music with his new solo project Keelan X.
Wiltshire singer-songwriter Luke De Sciscio, formally known as Folk Boy, is set to release is latest album - 'The Banquet' via AntiFragile Music on...
Electronic music pioneer and producer Annie Elise says that the release of her first EP - 'Breathe In, Breathe Out' feels "both vulnerable and...