Time Warner said Wednesday it would spin off its publishing arm Time Inc. as a separate company by the end of the year, allowing the US conglomerate to focus on its television and film operations.
Chief executive Jeff Bewkes said in a statement that a spinoff "provides strategic clarity for Time Warner Inc., enabling us to focus entirely on our television networks and film and TV production businesses."
Time Warner to spin off publishing unit Time Inc. (2013, March 6)
retrieved 22 October 2021
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Time Warner to spin off publishing unit Time Inc.